Candidate Fortunes: Focus Shifts and Investors Views

candidate fortunes: The peso, considered a barometer for investors views on Donald Trump chances, has been roiled as the presidential candidate fortunes ebbed and flowed, according to Bloomberg. Now it the rand turn, with a measure of expected volatility over the next three months rising above that of the Mexican currency as the focus shifts to South Africa President Jacob Zuma and his battle with Finance Minister Pravin Gordhan for control of the country purse strings. With the U.S. election campaign over, South Africa rand has replaced the peso as the currency poised for the biggest politically driven price swings. The rand has closely tracked Zuma fortunes over the past three months, advancing when his position weakened and selling off when Gordhan seemed threatened. You buy the rand or you sell the rand for nine, 10 days or one week, because you know it can flip very rapidly, just on the politics. The volatility is significant because it making the rand a tough trade and rating companies preparing to review the country creditworthiness have cited political uncertainty as a major risk. function global function ad Code markets/article dimensions id 1 0 2 1 10 strategy targeting targeting Modifiers ; ; window ; Short-Term Trade The rand is a real measure of the political risk premium, said Guillaume Tresca, the Paris-based senior emerging-market strategist at Credit Agricole SA corporate- and investment-banking unit. (news.financializer.com). As reported in the news.