'Trump hits south African edge'

- The South African edge is in trouble. The call by President Trump to 'closely study the seizure of land and farms in South Africa' ​​has pushed the value further.

That is the conclusion of Bart Hordijk, currency analyst at Monex Europe. The South African economy is not running at top level with 0.8% growth in the first quarter.

The unemployment of 27.2% and 5.1% inflation gives rise to Monex because the South African central bank has limited ammunition to intervene.

The brunt acted negative on Thursday after Donald Trump had tweeted that he had asked his foreign secretary Mike Pence to study the situation of the murdered peasants and land expropriation in South Africa.

The currency has recently proved to be sensitive. Earlier this month, the edge came under pressure due to the crisis in Turkey.