The rand has slumped to levels last seen months ago. Read more.
Tags : exchange
THE rand oscillated during the European session as traders await to outcome of the Federal Open Market Committee (FOMC) meeting on Wednesday, although general risk aversion started to lift. Read more.
The rand fell to a four-month low yesterday as investors continued to worry about the global economic recovery amid the ongoing waves of Covid-19. Read more.
The rand traded flatter on the back of news that the N3 has been reopened. Read more.
The rand traded stronger during Monday’s European session, although EM currencies in general were muted as a slew of lacklustre PMI readings weighed on sentiment, according to NKC Research. Read more.
The rand swung according to the direction of global sentiment as markets delved deeper into the US non-farm payroll report. Read more.
The rand weakened early on Friday, hit by concerns over the spread of the coronavirus's Delta variant, while investors awaited US jobs data that could influence the timeline of the Federal Reserve's monetary policy shift. Read more.
The rand opened the week under pressure, reversing some of its previous week’s losses on a stronger dollar after the government tightened Covid-19 restrictions. Read more.
The rand led emerging market currencies in losses today. Read more
The rand traded higher yesterday after starting the week on the back foot an avowed US Federal Reserve decision not to raise rates too quickly despite inflationary pressures.
The rand has traded stronger to gain back some of the losses suffered during the last week. Read more.
As the foreign exchange rate brings certain advantages to the economy in relation to a drop in the value of importation.
