Strength and volatility were the main features of the rand this last week. Commodity prices rose significantly, while at the same time there was a significant weakening of major currencies – the USD and EUR cases in point. The weakening of major currencies strengthened the rand this week. The GBP/ZAR pair opened at 20.51 on Tuesday and broke the 20.67 mark on Wednesday before closing at 20.25 on Friday. The USD/ZAR pairing experienced significant volatility. The currency pair opened at 15.35 on Monday, broke 15.49 on Wednesday, then dropped to 15.15 on Thursday before closing at 15.45 on Frida…