20°C / 22°C
  • Fri
  • 25°C
  • 9°C
  • Sat
  • 28°C
  • 13°C
  • Sun
  • 27°C
  • 13°C
  • Mon
  • 29°C
  • 12°C
  • Tue
  • 27°C
  • 13°C
  • Wed
  • 29°C
  • 12°C
  • Fri
  • 16°C
  • 7°C
  • Sat
  • 17°C
  • 10°C
  • Sun
  • 18°C
  • 12°C
  • Mon
  • 20°C
  • 11°C
  • Tue
  • 16°C
  • 11°C
  • Wed
  • 16°C
  • 12°C
  • Fri
  • 27°C
  • 10°C
  • Sat
  • 30°C
  • 14°C
  • Sun
  • 29°C
  • 15°C
  • Mon
  • 31°C
  • 14°C
  • Tue
  • 29°C
  • 14°C
  • Wed
  • 32°C
  • 14°C
  • Fri
  • 28°C
  • 11°C
  • Sat
  • 30°C
  • 15°C
  • Sun
  • 30°C
  • 14°C
  • Mon
  • 29°C
  • 15°C
  • Tue
  • 30°C
  • 14°C
  • Wed
  • 30°C
  • 14°C
  • Fri
  • 21°C
  • 14°C
  • Sat
  • 21°C
  • 16°C
  • Sun
  • 23°C
  • 15°C
  • Mon
  • 22°C
  • 19°C
  • Tue
  • 29°C
  • 19°C
  • Wed
  • 23°C
  • 19°C
  • Fri
  • 17°C
  • 10°C
  • Sat
  • 17°C
  • 11°C
  • Sun
  • 18°C
  • 10°C
  • Mon
  • 20°C
  • 10°C
  • Tue
  • 17°C
  • 13°C
  • Wed
  • 18°C
  • 12°C
  • Fri
  • 16°C
  • 4°C
  • Sat
  • 21°C
  • 4°C
  • Sun
  • 22°C
  • 6°C
  • Mon
  • 23°C
  • 7°C
  • Tue
  • 15°C
  • 9°C
  • Wed
  • 17°C
  • 10°C
  • Fri
  • 14°C
  • 10°C
  • Sat
  • 18°C
  • 10°C
  • Sun
  • 18°C
  • 10°C
  • Mon
  • 18°C
  • 11°C
  • Tue
  • 15°C
  • 11°C
  • Wed
  • 16°C
  • 11°C
  • Fri
  • 29°C
  • 12°C
  • Sat
  • 32°C
  • 15°C
  • Sun
  • 31°C
  • 17°C
  • Mon
  • 32°C
  • 15°C
  • Tue
  • 31°C
  • 15°C
  • Wed
  • 33°C
  • 16°C
  • Fri
  • 22°C
  • 7°C
  • Sat
  • 24°C
  • 9°C
  • Sun
  • 30°C
  • 12°C
  • Mon
  • 29°C
  • 10°C
  • Tue
  • 29°C
  • 13°C
  • Wed
  • 27°C
  • 15°C
  • Fri
  • 26°C
  • 10°C
  • Sat
  • 28°C
  • 13°C
  • Sun
  • 29°C
  • 15°C
  • Mon
  • 30°C
  • 13°C
  • Tue
  • 30°C
  • 12°C
  • Wed
  • 34°C
  • 13°C
  • Fri
  • 17°C
  • 8°C
  • Sat
  • 16°C
  • 9°C
  • Sun
  • 17°C
  • 9°C
  • Mon
  • 20°C
  • 8°C
  • Tue
  • 17°C
  • 10°C
  • Wed
  • 18°C
  • 10°C

Rand falls slightly amid global trade war fears

Dealers feared the departure of White House economic adviser Gary Cohn would embolden protectionist forces in the US administration as Trump tries to impose hefty tariffs on steel and aluminium.

Picture: Christa Eybers/EWN

JOHANNESBURG - The rand edged lower early on Wednesday as investors dumped risky assets for safer investments after a key advocate for free trade in the White House resigned, fanning fears US President Donald Trump would go ahead with tariffs and risk a trade war.

At 0645 GMT, the rand traded at R11.7950 per dollar, 0.11% weaker than its overnight close of R11.7825. The currency earlier hit a session low of R11.8575.

Dealers feared the departure of White House economic adviser Gary Cohn, a former Wall Street banker, would embolden protectionist forces in the US administration as Trump tries to impose hefty tariffs on steel and aluminium.

"Currency markets don’t seem to like" the possibility of a global trade war, Nedbank analysts wrote in a note.

Stocks were set to open lower at 0700 GMT, with the JSE securities exchange’s Top-40 futures index down 0.81%.

In fixed income, the yield for the benchmark government bond due in 2026 was down one basis points to 8.1%.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus