Analyst dismisses SSP appreciation against the dollar as 'speculative trading'
Episode 350, Jul 04, 2018, 04:37 AM
An analyst says the gains the South Sudanese pound is making against the US dollar are a temporary market reaction to positive political events coming out of the peace talks in Khartoum.
Augustino Ting Mayai, Director of Research at the Sudd Institute says the strengthening from 300 pounds last week to 220 pounds against the dollar, is not being driven by any tangible economic force.
Ting Mayai explains that the prospects of peace are having a knock-on effect on market rates - in what he terms as ‘speculative trading.’
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