The Rand is getting whipped like a red-headed stepchild, right now. Overnight the Rand tumbled to a four year low against the US dollar. Don’t even look at the Euro exchange rate. It’ll tingle your loins.

Fin24 has a more-or-less explanation for why we’re being owned.

Investors have been moving out of risky emerging markets because of uncertainty over whether the United States will continue its massive stimulus programme and the possibility of military intervention in the Syrian crisis.

South Africa is more vulnerable to external shocks than its peers because of negative sentiment around labour strikes in leading sectors of the economy such as manufacturing, which add to concerns about the gaping current account deficit.

The rand was the third-weakest currency after the Turkish lira and Indian rupee among a basket of emerging market currencies trading against the dollar and tracked by Reuters.

Thanks for nothing, Syria.

Here’s Google’s summation of the current situation. Note the depressing blue line, which has dipped below the 2009 low point.

Siestog.

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[Source : Fin24]