Rand dollar exchange rate
Rand firms as dollar wobble lifts emerging currencies
The gains have been driven mainly by global sentiment rather than domestic factors, with investors searching for high yields on hopes for a quick economic...
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Rand retreats as global coronavirus surge sours sentiment
The currency had shrugged off dismal manufacturing data showing output fell 49.4% year on year in April, its worst in 12 years, as investors looked to emerging market currencies and commodities for the high yields largely absent in developed market currencies.
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Rand edges lower ahead of manufacturing data
The currency advanced more than 1% against the US currency on Wednesday as concerns about rising coronavirus infections globally and in the United States prompted a selloff in the dollar as investors looked for yield in higher-risk emerging market assets.
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Rand edges firmer in cautious early trade
The rand edged firmer in tentative early trade on Wednesday, as investors weighed a surge in coronavirus infections in key global centres and more signs of a creaking local economy.
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Rand slides as coronavirus infection rise dims outlook
The rand weakened in early trade on Tuesday as worries over surges in coronavirus infections reactivated investor concerns about the economic impact of the pandemic.
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Rand up as risk appetite revives
Trading in the Asian session saw a return of risk appetite after last week’s narrow ranges, with demand growing for the rand and other emerging-market currencies.
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Rand slips as COVID-19 and economic clouds gather
Losses in the day were also spurred by low liquidity as the US market was closed for a bank holiday.
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Rand firmer as current account surplus adds to global risk boost
The advance, which carried the currency to a session-best 16.8750, brought gains in the past two sessions to more than 2%, although the outlook remains fragile following weak local economic growth data and a resurgence in COVID-19 infections.
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Rand firms as dollar slips, stocks retreat
The dollar slipped on Wednesday, with the market having a modest appetite for risk-taking amid generally upbeat US data and improving European economic numbers.
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Rand dips after GDP data, stocks up
Statistics South Africa said that first-quarter gross domestic product contracted 2% from the previous three months, led by declines in mining and manufacturing.
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Rand steadies, coronavirus concerns remain
The coronavirus crisis is expected to take a heavy toll on Africa’s most industrialised economy, which is already in recession.
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Rand little changed amid rising virus cases
The rand had regained ground after the budget speech, which forecast ballooning debt and a higher government deficit, as well as fading hopes globally of a quick economic recovery.
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Rand weaker after gloomy budget
The dire numbers were largely expected by markets, and in some aspects were more optimistic than other forecasters.
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Rand inches firmer as risk demand tames budget speech jitters
The special budget, brought forward by the treasury in response to the coronavirus outbreak and President Cyril Ramaphosa’s R500 billion ($29 billion) stimulus package, is set to show ballooning deficit and debt in Africa’s most advanced economy.
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Rand steady after brief Sino-US trade scare
An overnight statements from the Trump administration that the trade deal with China was still on track lifted risk appetite roiled by simmering tensions between the two superpowers that has soured in recent months.
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Rand weaker as budget risk raises second wave COVID-19 fears
Finance Minister Tito Mboweni is expected to paint a bleak picture in a revised budget that comes almost three months after government announced a R500 billion ($28.78 billion) stimulus package leaning heavily on new borrowing.
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Rand recovers after sell-off, stocks open higher
The rand firmed against the US dollar early on Friday, recovering from the previous session’s tumble as global risk sentiment was dented by fears of a second wave of coronavirus infections.
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Rand steady, stocks open lower
The rand held steady against the US dollar early on Thursday, after President Cyril Ramaphosa announced further easing of the coronavirus lockdown to help the battered economy.
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Rand firms but gains limited by virus surge, geopolitics
The rand firmed against the dollar early on Wednesday, but traders said gains could be limited as concerns about a resurgence of global coronavirus cases and geopolitical tensions in Asia hurt risk appetite.
