Tags : dollar

Breaking News

Rand continues to be resilient

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.

Breaking News

Unemployment data dents rallying rand

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, […]

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