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Picture: Christa Eybers/EWN

Rand report

Rand slips as Woolworths, Old Mutual lead stocks higher

The focus now turns to the South African Reserve Bank’s monetary policy meeting on Thursday, when it will announce its interest rate decision after keeping rates on hold at 6.5% at its last meeting.

  • Picture: EWN

    Rand firms slightly on trade deal optimism

    By 0645 GMT, the rand strengthened 0.08% to R14.0050 per dollar from its previous close of R14.0160, its recent rally slowing as investors re-assessed positions in the new year.

  • Picture: EWN

    Rand firms on US-China trade deal optimism

    Investors have increased their exposure to emerging market assets recently on optimism over a preliminary trade truce between the United States and China, with the rand, in particular, benefiting as the currency’s high yield overshadowed South Africa’s economic fundamentals.

  • South African rand notes. Picture: pixabay.com

    Rand flat, stocks subdued in thin holiday trade

    For the week, the currency was up close to 2% after benefiting from a backdrop of mildly positive global sentiment as China and the United States looked close to reaching a partial agreement on trade tariffs.

  • Picture: EWN

    Rand firms, stocks pause 3-day winning streak

    The rand firmed against the dollar on Thursday, clinging to gains as a high carry yield and a decision by Fitch not to lower the country’s credit rating underpinned demand.

  • Picture: Christa Eybers/EWN

    Rand slips, stocks boosted by electricity supply relief

    The rand rallied close to 3.5% in the previous week and on Monday was still near its strongest since 1 August, but with offshore risks building and volumes relatively light heading into Christmas holidays, the momentum faded on Tuesday.

  • South African rand notes. Picture: pixabay.com

    Rand rises on S&P ratings reprieve

    The rand was 0.41% firmer at 14.6750 per dollar by 0620 GMT, compared with an opening level of 14.7300, boosted by optimism about the high carry trade on offer.

  • Picture: Christa Eybers/EWN

    Rand steady as US-China trade uncertainty lingers

    Markets showed little reaction to President Xi Jinping’s reiteration on Friday that China wants to work out an initial trade agreement with the United States and has been trying to avoid a trade war, but it is not afraid to retaliate when necessary.