# Unusual trading in foreign exchange futures around Gordhan's recall from London - Krutham

> An analysis of JSE futures data shows a sharp rise in open USD/ZAR contracts on Monday 27 March, the day President Zuma recalled Finance Minister Gordhan from London. The author suggests the pattern points to large positions taken ahead of the news.

- Date: 2017-05-29 · published 2017-05-29T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/71290-unusual-trading-in-foreign-exchange-futures-around-gordhan-s-recall-from-london
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The story concerns rand positioning around a past political shock rather than a new cause, so its direct effect on feed prices is limited.

## Sources

- krutham.com: https://www.krutham.com/insights/unusual-trading-in-foreign-exchange-futures-around-gordhans-recall-from-london/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.