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  • Picture: EWN

    Rand extends rally to 3-week high after GDP boost

    The rand rose to a three-week high early on Wednesday following a better-than-expected jump in second quarter economic growth, brushing off concerns over anti-immigrant protests locally and the ongoing US-China trade dispute.

  • South African rand. Picture: Christa Eybers/EWN

    Rand slightly weaker ahead of trade data

    Trade and budget balance data releases in the session are unlikely to ease concerns about the country’s fiscal deterioration, and risks of contagion from Argentina’s financial crisis are bolstering a bearish investor outlook in the near-term.

  • Picture: EWN

    Rand weaker as risk sentiment sours

    The rand weakened early on Thursday as risk sentiment globally continued to be shaken by the trade stand-off between China and the United States and the possibility of recession.

  • Picture: EWN

    Rand inches up in subdued trade

    The currency has struggled for momentum in either direction this week with a lull in local political developments offsetting the swings in the trade spat between Washington and Beijing, with traders opting to hold fire as negotiations between the two superpowers continue.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand weaker in cautious trade

    The rand had strengthened briefly beyond the R15.2500 mark in Asian trading after US President Donald Trump on Monday flagged the possibility of a trade deal with China, days after both sides announced new tariffs.

  • Picture: Supplied.

    Rand slides as US-China trade spat weighs

    The rand has suffered in August, sliding around 12% as local pressures linked to the growing chance of a credit downgrade to junk by Moody’s, and uncertainty offshore, have stalled any long bets on the currency.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand firmer after inflation undershoots

    The rand firmed early on Thursday, boosted by a lower than expected inflation reading that eased investors’ concerns about economic growth.