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  • South African rand. Picture: Christa Eybers/EWN

    Rand strengthens as Fed cut bets slow virus-linked selloff

    The rand has tanked 13% since the beginning of 2020 and 4% since Wednesday’s budget speech where the treasury announced higher budget deficits and debt, as well as plans to slash public sector wages, raising the likelihood of a credit downgrade by Moody’s.

  • Picture: EWN

    Rand firms ahead of inflation data

    Locally, consumer price-growth figures, due at 0800 GMT, are set to show a slight uptick but remain well below the central bank’s upper target of 6%.

  • Picture: Christa Eybers/EWN

    Rand firmer as China rate cut soothes virus anxiety

    China’s central bank cut the interest rate on its medium-term lending on Monday as policymakers sought to cushion the drag on businesses from the outbreak that has severely disrupted activity.

  • Picture: Christa Eybers/EWN

    Rand firmer after Ramaphosa's speech

    President Cyril Ramaphosa acknowledged in an annual address to Parliament on Thursday evening that growth had stalled, exacerbating high levels of unemployment and increasing hardship for millions of citizens.

  • Picture: EWN

    Rand stretches gains with EMs back in favour

    The currency rose in the face of data on Tuesday showing unemployment remained at an 11-year peak in the fourth quarter and manufacturing output for December shrank 5.9% year-on-year. Traders said weak growth was already priced in.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand firms; focus shifts to data, Ramaphosa speech

    Markets will be watching out for Ramaphosa’s annual speech at the opening of Parliament on Thursday for clarity on policy and reform, amid power cuts that have knocked confidence in the economy.

  • Picture: Supplied

    Rand inches up ahead of key data

    At 1500 GMT, the rand was 0.1% firmer at 15.0300 per dollar, compared with Friday’s three-month low of 15.1200 when the currency was hit by global concerns over the coronavirus outbreak and the resumption of local power outages.

  • Picture: pixabay.com

    Rand falls as business confidence weakens

    The rand had a torrid January, losing around 8% to the greenback as fears of the impact on global growth from the coronavirus outbreak triggered heavy selloff of emerging market assets.

  • South African rand. Picture: Christa Eybers/EWN

    Rand edges up as relief rally slows

    At 0700 GMT, the rand was 0.08% firmer at R14.7500 per dollar, a fourth consecutive start on the front foot following a torrid January that saw the currency shed nearly 8% on its way to a two-month low.

  • Pixabay.com

    Rand firmer as virus selloff pauses

    The rand has tumbled 5.2% against the greenback since the beginning of the year, more than 4% of those losses in the past week as a risk-off emerging market selloff was accelerated by renewed signs the local economy remained weak.

  • Picture: Supplied.

    Volatile rand weakens as investors weigh China virus damage

    The outbreak of the coronavirus in China, with the death toll rising sharply to 132 on Wednesday as nearly 1,500 new cases were identified, remained the main market mover as investors awaited news on possible economic damage.

  • Picture: pixabay.com

    Rand, bonds recover slightly from virus-related selloff

    The rand’s run beyond the R14.60 technical level did not last as buyers returned, although some traders warned the recovery could be temporary as investors continue to assess opportunities and the impact of the coronavirus.

  • Picture: EWN

    Rand, stocks dip on virus fears

    The rand’s losses ate into some of the gains made on Wednesday, when demand for riskier assets had rebounded.

  • Picture: EWN

    Rand falls on domestic woes as stock rally ends

    The currency has weakened 3.5% since the beginning of the year, as the country grapples with nationwide power cuts that have dented economic output and sapped investor confidence.