The rand oscillated as the trading session progressed, starting the day on the back foot as negative sentiment surrounding load shedding, soaring unemployment and some global risk aversion spilled over to the European session.
Tags : dollar
The rand lost steam yesterday and retreated 4c to R13.76 against a softer dollar yesterday by 5pm as data showed that South Africa’s unemployment rate hit a new record 13-year high in the first quarter, having touched a near 2-year high of R13.69 earlier in the day. Risk appetite continued to bolster the local unit, […]
At 5pm rand was 0.51 percent firmer at R13.72 to the dollar, taking the monthly gain so far to 5.3 percent. Read more.
The rand retained strength on external factors as the EM currencies index hit a high. Read more.
The rand hovered near a 22-month high as dovish rhetoric by the US Federal Reserve fed into a softening dollar, according to NKC Research. Read more.
The rand traded at its highest levels in a year, amid a subdued US dollar. Read more.
The rand extended gains on Monday, passing the 18-month best reached on Friday as the currency drew strength from rating agencies holding the country's credit rating and outlook at current levels. Read more.
The rand showed muted reaction as inflation beat expectations, while the South African Reserve Bank is seen as tolerating a negative real interest rate differential, according to NKC Research. Read more.
The rand firmed as bets of interest rate normalisation on US soil receded to boost risk appetite. Read more.
The rand moved within a relatively narrow range on Monday, holding onto the gains made this past month but unable to drop back to recent lows of under R14/$. Read more.
Friday’s trading capped off a roller-coaster week for the rand, after having dropped below the R14.0/$ threshold earlier in the week before teetering on R14.2/$, following the US inflation print. Read more.
The rand hovered around the psychological R14-to-the-dollar barrier as the greenback sought direction from the CPI release. Read more.
