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Picture: Christa Eybers/EWN

Rand dollar exchange rate

Rand firms on China-US trade hopes

The rand firmed against the dollar in early trade on Thursday, extending an overnight rally, in line with a rise in bonds, encouraged by signs that China and the United States may be taking steps to de-escalate their bitter trade dispute.

  • Picture: EWN

    Rand under pressure before US midterm elections

    The rand remained under pressure as markets favoured caution ahead of US midterm Congressional elections, as policy decisions that could sway the economy, corporate decision-making and consumer spending hinge on the results.

  • Picture: Supplied

    Rand weaker as risk appetite muted

    Uncertainty over Brexit negotiations, Italy’s free-spending budget and fears over Saudi Arabia’s diplomatic isolation were among factors denting appetite for emerging market assets.

  • Picture: Supplied.

    Rand retreats due to hawkish Fed, mining data ahead

    The rand retreated early on Thursday after minutes from the US Federal Reserve’s September meeting struck a hawkish tone, draining some of the enthusiasm for emerging currencies that lifted the local unit to a two-week peak.

  • Picture: EWN

    Rand steady as dollar struggles, stocks to open lower

    With breathing room building between the R15.00 top and a close below the R14.50 technical barrier in the face of continued uncertainty over the impact of the trade war between Washington and Beijing, traders said the rand could soon test the R14.00 mark.

  • Picture: EWN

    Rand firmer, stocks down in early trade

    The rand firmed against the dollar in early trade on Monday as markets digested news that ratings agency Moody’s opted to hold off publishing a review of the country’s debt on Friday, 12 October, as planned.

  • Picture: Christa Eybers/EWN

    Rand steady in early trade

    The rand was steady early on Wednesday, after strengthening the previous day on news that President Cyril Ramaphosa had appointed former central bank governor Tito Mboweni as Finance Minister.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand weaker on report Nene asked to be sacked

    The rand was weaker early on Monday, after the 'Business Day' newspaper cited government sources as saying that Finance Minister Nhlanhla Nene had asked President Cyril Ramaphosa to sack him.