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Rand advances on easing coronavirus fears
Manufacturing PMI recovered slightly in May from April’s record low, although factory activity still contracted heavily, while the world’s no.2 economy, China, also recorded improved factory activity.
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Rand, stocks drop with focus on US response to China over Hong Kong
The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.
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Rand weaker as stocks push higher despite rising US-China tensions
Stocks firmed on Thursday with risk-on sentiment remaining intact on optimism that global growth is recovering as economies reopen after coronavirus lockdowns.
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Rand falls as Sino-US friction dents risk appetite
The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.
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Rand hits 8-week high vs dollar
Major global currencies also strengthened against the dollar on rising hopes of economic recovery.
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Rand slips on US-China tensions
South Africa’s economy was in bad shape before the COVID-19 pandemic struck, with repeated bailouts for ailing state firms like power utility Eskom and South African Airways a drain on public finances.
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Rand retreats as US-China tensions dim risk appetite
The stock market also slipped as further strains in the Sino-US relationship offset optimism over a global economic recovery from the coronavirus.
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Rand strengthens after central bank cuts repo rate, stocks fall
The central bank cut its main lending rate by 50 basis points to 3.75% on Thursday in an effort to shield the economy from the impact of the virus. Rate cuts this year now total 275 basis points.
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Rand firms to 5-week highs, stocks continue to move up
Stocks continued their upward trajectory, following other global markets on renewed optimism of economies opening up and increasing demand.
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Rand firms on COVID-19 vaccine hopes
The country’s stock market was also buoyant on the back of expectations for the vaccine which would ultimately enable economic activity to return to normal.
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Rand rises on easing lockdown restrictions globally, markets rally
The South African currency continues to be weaker against the dollar than most emerging market currencies such as that of Turkey, Argentina or Brazil.
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Rand weakens on coronavirus rebound fears
New infections in Germany and other countries that have eased their lockdown restrictions dented earlier investor optimism that economies could get back to close to normal soon.
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Rand weaker as global economic worries weigh
Moves in risk currencies globally, including the rand, have been sentiment-driven in recent sessions, with investors mostly staying on the sidelines as they weigh the prospects of a quick economic recovery.
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Rand inches firmer in cautious trade, stock market down
Investor concerns about new virus infections in China, Germany and South Korea have dimmed some of the hopes for a quick rebound in the global economy as countries look to restart activity and avoid prolonged recession.
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Rand rises on US-China trade truce hopes
The stock market was also buoyed by the easing trade tensions despite fears of a second wave of coronavirus emerging in certain countries.
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Rand weaker as investors turn gloomy on coronavirus bounce-back
The rand eked out gains alongside other emerging market currencies last week, moving further away from the peak above the R19.00 psychological mark earlier it touched in early April, but lingering concerns over the local economy kept the rally in check.
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Rand gains on improved risk demand, markets end stronger
The Johannesburg Stock Exchange (JSE) ended the week on a strong note backed by higher spot gold prices and the general positive sentiment.
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Rand gains as easing U.S-China tension boost risk demand
The rand was up 0.22% at 18.5400 per dollar after an overnight close of 18.5900, extending the gains that saw it rise around 2% this week.
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Rand jumps as Chinese data fuels recovery hopes, Anglo leads
The market mood stabilised globally as Beijing reported a 3.5% rise in April exports, confounding market expectations of a sharp fall, as factories restarted output after the coronavirus pandemic, raising hopes of an economic recovery.
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Rand falls amid weak economic data
In South Africa, private sector activity fell to a record low in April, a business survey showed on Wednesday, as temporary company closures led to a collapse in demand.
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Rand recovers in global emerging market bounce
Yields on government bonds fell sharply, reflecting strong prices, as the first weekly bond auction since South Africa’s exclusion the World Government Bond Index (WGBI) attracted strong demand.
