Rand firms as Chinese trade data lifts riskier currencies
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White Shop: Hitlers Revolution: Ideology, Social Programs, Foreign Affairs
Drawing on over 200 German sources, many pre-1945, Hitlers Revolution provides concise, penetrating insight into the National Socialist ideology and how it transformed German society. The governments success at relieving unemployment and its social programs to eliminate class barriers unlock the secret to Hitlers undeniable popularity.
The rand firmed against the dollar early on Tuesday, in line with a rally in riskier currencies as China’s trade data painted a less gloomy picture of the economic fallout from the coronavirus pandemic than markets had feared.
At 0630 GMT, the rand traded at 18.06 per dollar, 0.2% firmer than its previous close.
China’s March exports fell 6.6% from a year earlier, compared with a forecast for a 14% drop and imports fell by less than 1%, compared with a 9.5% drop anticipated by economists.
Analysts, however, expect the rand to remain volatile, with a grim outlook for South Africa’s economy after the country imposed some of the toughest restrictions on the continent to curb the spread of the new coronavirus, including a 5-week lockdown to the end of April that has halted production.
“The world is still concerned about the impact of the Covid-19 outbreak on economic growth, with many countries still enduring some form of lockdown,” said Bianca Botes, executive director at Peregrine Treasury Solutions.
South Africa entered a recession in the final quarter of last year as power cuts by state utility Eskom took a toll on the economy.
Government bonds were weaker, with the yield on the 10-year instrument due in 2030 rising 14 basis points to 10.950%.
Source: https://www.moneyweb.co.za/news/markets/rand-firms-as-chinese-trade-data-lifts-riskier-currencies/
White Shop: Tigers in the Mud: The Combat Career of German Panzer Commander Otto Carius
He was physically small and often underestimated, but once he took command of his first Tiger he found his calling and worked his way up the chain of command from a lowly loader to company leader. His exploits on the Ost Front became semi-legendary, but unlike some of his more famous fellow Tiger aces (Wittman, von Strachwitz), he survived to tell the tale first-hand.
