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Rand rallies for third day as global risk-on adds to GDP boost
The rand firmed for a third consecutive session to a new one-month high early on Thursday, with the boost from a better-than-expected growth figures earlier in the week sustained by a return of global risk demand.
137 days ago -
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.
138 days ago -
Rand strengthens slightly before second quarter GDP data
The rand strengthened slightly in early trade on Tuesday in the build up to the release of second quarter economic growth figures.
139 days ago -
Rand steady, focus on new US-China tariffs
At 0620 GMT, the rand traded at R15.1950 per dollar, not far off its close of R15.1850 on Friday.
140 days ago -
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.
143 days ago -
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.
144 days ago -
Weak rand to blame for September fuel price hike, says AA
While 95 ULP and LRP petrol is expected to climb by 10 cents a litre, while diesel increases by 25 cents a litre, however, 93 ULP and LRP petrol users can expect to pay 3 cents less for a litre of fuel.
131 days ago -
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.
145 days ago -
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.
146 days ago
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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.
147 days ago -
Rand firms as deficit fears ease
Gains were spurred by the National Treasury’s promise to cut costs and keep spending down.
150 days ago -
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.
151 days ago
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