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Picture: Supplied.

Rand report

Rand stretches gains as Fed, ECB turn dovish

At 0630 GMT the rand was 0.37% firmer at 14.2675 per dollar compared to Friday’s close of 14.3200.

  • Picture: Christa Eybers/EWN

    Rand pauses Fed-fuelled rally ahead of GDP release

    The rand has been helped back towards levels around R14.40, rallying more than 2% since Friday, with sentiment soothed by Ramaphosa’s decision to ditch a number of ministers in Cabinet during his predecessor Jacob Zuma’s scandal-prone decade in office.

  • Picture: EWN

    Rand starts week flat amid trade tumult

    The rand was flat on Monday, shaking off worries about intensifying Sino-US tensions and Washington’s new tariff threats on Mexico that have pulled stocks and commodities in Asia and the United States lower.

  • Picture: Supplied

    Rand steady, markets digest Cabinet news

    Ramaphosa announced his smaller Cabinet late on Wednesday, following on from a pre-election pledge to reform and revive an ailing economy and attract foreign investors.

  • Picture: EWN

    Rand recovers as lending rates seen steady for longer

    The Reserve Bank’s five-member policy committee voted 3-2 to keep rates steady at 6.75%, saying that while inflation and inflation expectations were close to the middle of the bank’s 3% to 6% target range, they had not yet settled there.

  • Picture: EWN

    Rand dips ahead of lending rates decision

    The rand gave back the marginal gains it made in the previous session, having edged ahead after consumer inflation data on Wednesday showed price growth dipped below the Reserve Bank’s midpoint target of 4.5%.

  • Picture: Christa Eybers/EWN

    Rand firmer as risk selloff pauses

    The rand shed close to 2% in the previous week but remained one of the better performing emerging currencies with the post-election positivity limiting losses, with investors awaiting the announcement of a new cabinet.

  • Picture: EWN

    Rand weakens as dollar boosted by solid data

    While the rand remains one of the best performing emerging currencies this year, more so after last week’s general elections put President Cyril Ramaphosa on firmer ground to pursue economic reforms, investors are edgy about next week’s cabinet announcement.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand slips as trade tensions weigh on risk demand

    Having rallied to a two-week best of R14.1375 after the ruling African National Congress won a 57.5% majority that many investors see as key to economic reforms, the rand has slipped back towards the R14.40 mark.

  • South African rand.  Picture: Christa Eybers/EWN

    Trade tensions hold rand down

    The week’s trade tensions have snatched away some of the rand’s gains after the ruling African National Congress (ANC) looked set for victory in a parliamentary and provincial election last week.

  • Picture: Supplied

    Rand steady as ANC takes lead in elections

    The ANC is set to retain power after Wednesday’s election though the party is on course for its worst performance in a national poll in its 25 years in government.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand firmer after elections, stocks fall

    The election was seen as the toughest test yet for the ruling African National Congress party 25 years after the party swept to power at the end of white minority rule.

  • Picture: EWN

    Rand steady with elections bets balanced

    The rand inched upward early on Tuesday, bouncing back from the previous session’s losses as investors betting on President Cyril Ramaphosa securing a big enough election majority to push through reforms locked in positions.

  • Picture: Supplied

    Rand falls as election jitters, trade fears grow

    South Africans vote in parliamentary and provincial elections on Wednesday in what is seen as a referendum on the economy after nearly a decade of weak economic growth and massive corruption scandals.