FX DAILY REPORT – 25 March 2025
- The Rand opened weaker against all the majors this morning.
- Markets are growing more uncertain as Trump prepares to announce new reciprocal trade tariffs on the 2nd of April. These tariffs are said to be targeted by sector and country rather than applied broadly. This may cause volatility in the ZAR, especially given the current strained US relations.
Todays Events:
- German Ifo Business Climate Index at 11:00 – Expected to be 86.8 compared to previous 85.2. A higher-than-expected result can be seen as positive for the EUR.
- US CB Consumer Confidence at 16:00 – Expected to be 94.2 compared to previous 98.3. A higher-than-expected result can be seen as positive for the USD.
- US New Home Sales at 16:00 – Expected to be 682K compared to previous 657K. A higher-than-expected result can be seen as positive for the USD.