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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.
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Rand weaker as second wave fears hurt markets
Some investors use the rand as a proxy for emerging market risk, so it tends to swing considerably at times of global market volatility.
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Rand flat, stocks slip as risk bulls pause for Fed meeting
At 1550 GMT, the rand was 0.02% firmer at R16.6770, barely moved from its overnight close having touched a fresh two-month best of R16.6250 before pausing as traders waited for the United States Federal Reserve’s policy meeting.
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Rand creeps up as risk sentiment holds, stocks slip
The rand inched firmer on Monday as hopes of a rapid global economic recovery from the COVID-19 pandemic continued to feed risk appetite.
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Rand hits 11-week high, stocks gain
Stocks rose along with global markets as investors priced in an economic recovery following the shock of the coronavirus pandemic.
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Profit taking pauses rally in rand, stocks
Traders kept mostly on the sidelines awaiting the widely watched United States unemployment figures due on Friday.
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Rand climbs to 11-week peak, markets rally
The stock market mirrored the upbeat sentiment of the currency to scale a 13-week peak on Wednesday.
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Rand, stocks jump as lockdowns eased
The currency ended May on the front foot, buoyed by the South African central bank’s support for the economy, including a fourth lending rate cut in as many months and a bond-buying programme that has eased liquidity strains.
