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Picture: Christa Eybers/EWN

Rand dollar exchange rate

Rand steady as US-China trade uncertainty lingers

Markets showed little reaction to President Xi Jinping’s reiteration on Friday that China wants to work out an initial trade agreement with the United States and has been trying to avoid a trade war, but it is not afraid to retaliate when necessary.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand slips as risk mood turns cautious

    The rand weakened slightly early on Wednesday, reflecting an uptick in the dollar in relatively subdued trade as a resolution to the trade spat between the US and China remained in the balance.

  • Picture: EWN

    Rand firms as dollar stalls on trade deal impasse

    The probability of a deal between Washington and Beijing receded after a report on Monday that Chinese officials were feeling pessimistic about the negotiations, suggesting a resolution to perhaps the biggest risk to the global economy remains elusive.

  • Picture: EWN

    Rand flat; focus shifts to key retail data

    South African-focused investors will turn their attention to retail figures on Wednesday and mining production data on Thursday for clues on the health of the economy.

  • Picture: Christa Eybers/EWN

    Rand firmer in early trade

    Government bonds were also a shade stronger, with the yield on the 2026 bond down 0.5 basis points at 8.49%.

  • Picture: Christa Eybers/EWN

    Rand slips on US-China trade deal delay

    At 0630 GMT, the rand was 0.1% weaker at R14.8400 per dollar. The currency fell on Wednesday following a three-session rally after Moody’s kept the country’s last investment grade credit rating intact on Friday.

  • Picture: EWN

    Rand flat amid fears of gloomy economy

    The rand traded flat on Wednesday, hovering near a four-session peak, as cautious investors awaited clues on the economy ahead of key manufacturing data.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand edges firmer as post Moody's jitters begin to wane

    The rand edged firmer early on Tuesday, extending a rally sparked by Moody’s decision to keep the country’s credit rating at investment grade despite a dismal budget last week showing a fast-rising budget deficit and public debt.

  • Picture: EWN

    Rand, stocks gain on Moody's reprieve

    Moody’s kept South Africa’s sovereign debt at ‘Baa3’, the lowest rung of investment grade, but revised the outlook on that rating to 'negative,' citing a deterioration in the economic growth outlook and rising debt.

  • Picture: EWN

    Rand, stocks gain; focus on Moody's review

    The rand firmed against the dollar on Friday thanks to a weaker greenback, while stocks also rose on improved risk appetite, as markets awaited a Moody’s rating review later in the day.

  • Picture: EWN

    Rand extends losses before Moody's review, stocks rise

    The rand extended losses against the dollar on Thursday after Finance Minister Tito Mboweni gave a bleak budget speech a day earlier in which he slashed growth forecasts and predicted ballooning debt, raising fears of a ratings downgrade.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand plummets on bleak budget projections

    The projected deficit would be the highest since 2009/10, raising investor concerns about South Africa’s only remaining investment-grade credit rating, which will be reviewed by Moody’s on Friday.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand clings on to gains, Sasol leads stocks higher

    The rand firmed to a new six-week high on Monday as investors looked beyond an uncertain local and global backdrop and kept buying the high-yielding currency, while stocks rose, led by chemicals firm Sasol.

  • Picture: Christa Eybers/EWN

    Rand, stocks drift weaker in quiet trade

    The currency dipped slightly tracking the weaker euro, which fell after European Central Bank chief Mario Draghi gave his final news conference and data showed stagnating economic momentum in the euro zone.

  • Picture: EWN

    Rand weaker after lower inflation reading

    The rand dipped on Wednesday as consumer price data fell more than expected in September to 4.1% in annual terms, raising the prospect of further monetary policy easing.

  • Picture: EWN

    Rand rallies 1% to one-month best, stocks weaker

    The rand marked a fourth consecutive session of gains, shaking off lingering concerns about electricity supply after shock outages last week as state firm Eskom said failures at some of its stations had throttled capacity.