• Picture: pixabay.com

    Rand softens as investors eye local politics

    The rand’s rally was however restrained by intensified infighting within the ruling ANC as the party headed into a weekend meeting with opposing factions lashing out at each other over corruption, leading to speculation over possible cabinet changes.

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    Rand surges as dollar slumps

    The rand’s gains came despite data showing an $8 billion budget deficit in July, and research from a science council showing 2020 had seen the worst power cuts on record.

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    Rand dips on stronger dollar, stocks up

    The rand’s weakness also comes as the latest local consumer and producer inflation figures show an uptick in prices, but not by enough to dampen expectations of further monetary policy easing.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand falls after CPI data, stocks rise

    South Africa’s headline consumer price inflation quickened to 3.2% year-on-year in July from 2.2% in June. Market expectations were for a 3.1% rise, well within the central bank’s target of 3-6%.

  • Picture: pixabay.com

    Rand extends gains in risk rally

    Some investors use the rand as a proxy for emerging market risk, which means it tends to gain strongly when such assets are in favour, as has been the case recently with rock-bottom interest rates in developed markets.

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    Rand rallies in risk-on trade

    Markets latched onto the US Food & Drug Administration’s 'emergency use authorisation' for the use of blood plasma from patients who have recovered from COVID-19 as a treatment for the disease.

  • Picture: EWN

    Rand on track to clock weekly gains

    The dollar was weighed down by concerns over the strength of a US economic recovery following weaker-than-expected jobs data.

  • South African rand. Picture: Christa Eybers/EWN

    Rand dips as dollar lifted by Fed minutes

    The readout of last month’s Fed meeting gave few clues about whether a more dovish shift in policy is possible in the coming months, helping to ease recent selling pressure on the dollar.

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    Rand extends gains; Fed minutes awaited

    With no major domestic data releases this week, the rand is likely to react to international news such as the release later on Wednesday of US Federal Reserve minutes from its most recent meeting.

  • Picture: EWN

    Rand stronger as dollar slips, stocks down

    The US dollar fell against a basket of major currencies for a fifth consecutive trading day on Tuesday, reaching its lowest level in over two years, under pressure from low yields and bleak economic data in the United States.