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Picture: Christa Eybers/EWN

Rand dollar exchange rate

Weak growth outlook keeps rand on back foot

The currency has weakened more than 3% versus the greenback since the start of the year.

  • Picture: EWN

    Rand falls on domestic woes as stock rally ends

    The currency has weakened 3.5% since the beginning of the year, as the country grapples with nationwide power cuts that have dented economic output and sapped investor confidence.

  • Picture: Supplied.

    Rand steadies ahead of manufacturing data

    The rand steadied against the dollar early on Thursday, as investors awaited the latest manufacturing figures for clues on the health of the economy, amid a severe power crunch that has dimmed growth outlook.

  • South African rand. Picture: Christa Eybers/EWN

    Rand falls on Mideast conflict, power cuts

    The rand fell against the dollar in early trade on Wednesday as risk appetite waned on news of Iranian missile strikes on bases hosting US troops in Iraq, stoking fears of a broader conflict in the Middle East.

  • Picture: EWN

    Rand firms slightly on trade deal optimism

    By 0645 GMT, the rand strengthened 0.08% to R14.0050 per dollar from its previous close of R14.0160, its recent rally slowing as investors re-assessed positions in the new year.

  • Picture: EWN

    Rand firms on US-China trade deal optimism

    Investors have increased their exposure to emerging market assets recently on optimism over a preliminary trade truce between the United States and China, with the rand, in particular, benefiting as the currency’s high yield overshadowed South Africa’s economic fundamentals.

  • South African rand notes. Picture: pixabay.com

    Rand flat, stocks subdued in thin holiday trade

    For the week, the currency was up close to 2% after benefiting from a backdrop of mildly positive global sentiment as China and the United States looked close to reaching a partial agreement on trade tariffs.

  • Picture: EWN

    Rand firms, stocks pause 3-day winning streak

    The rand firmed against the dollar on Thursday, clinging to gains as a high carry yield and a decision by Fitch not to lower the country’s credit rating underpinned demand.

  • Picture: Christa Eybers/EWN

    Rand slips, stocks boosted by electricity supply relief

    The rand rallied close to 3.5% in the previous week and on Monday was still near its strongest since 1 August, but with offshore risks building and volumes relatively light heading into Christmas holidays, the momentum faded on Tuesday.

  • Picture: Christa Eybers/EWN

    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.