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Picture: Christa Eybers/EWN

Rand report

Rand firmer as dollar slides on soft payrolls data

The rand firmed in early trade on Monday as the dollar dropped after soft US payrolls data fuelled speculation that the Federal Reserve may stop raising interest rates after a highly likely move next week.

  • Picture: Christa Eybers/EWN

    Rand claws back lost ground in early trade

    Africa’s most industrialised economy has experienced a week of nation-wide power outages, known as load-shedding, which Eskom has blamed on low coal supplies as well as maintenance of its ageing fleet of power stations.

  • Picture: EWN

    Rand weakens on risk aversion

    The rand remains under pressure as the market awaits the Federal Reserve’s interest rate decision during its 18-19 December meeting, as the central bank is widely expected to raise interest rates.

  • Picture: EWN

    Rand weakens as trade worries sour risk appetite

    The waning hopes of a swift resolution to the US-China trade war overshadowed news of the South African economy snapping out of recession in the third quarter and surpassing economists’ expectations.

  • South African rand. Picture: Christa Eybers/EWN

    Rand gains ahead of GDP data

    The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

  • Picture: EWN

    Rand steady, eyes on Trump-Xi meeting

    The rand steadied against the dollar in early trade on Friday, with investors cautious ahead of a crucial weekend meeting between the Chinese and US presidents that could determine the course of a heated trade war over the next year.