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  • Picture: EWN

    Rand steady in early trade

    The rand treaded water in early trade on Tuesday in the absence of local economic drivers as investors await the monetary policy committee meeting later this week and ex-president Jacob Zuma’s testimony at a graft inquiry.

  • Picture: EWN

    Rand gains as Fed stokes risk buying

    Since breaching R14.00 on Wednesday, the rand has seen steady inflows, bringing gains at the end of the week to about 2.5%, with resistance at R13.8500 not far off.

  • Picture: Christa Eybers/EWN

    Rand edges higher as traders eye Fed

    At 0640 GMT, the rand was 0.07% firmer at R14.1925 per dollar, helped by some unwinding of long dollar positions and profit-taking following last week’s rally in the greenback.

  • Picture: Supplied.

    Rand weaker as Fed cut bets fade

    On Monday morning, the greenback measured against a basket of major currencies had climbed to its best since 19 June, snapping a rally by the rand and other emerging market currencies.

  • Picture: EWN

    Rand steady as market awaits US jobs report

    Expectations of a July interest rate cut have risen following weak US economic data, helping boost emerging market currencies, and Friday’s non-farm payrolls figures for June could cement bets on an easing of policy.

  • Picture: EWN

    Rand slips as bulls favour caution

    The dollar was also sluggish, slipping from two-week high as hopes faded for a quick trade deal between Washington and Beijing.

  • Picture: EWN

    Rand steady as global risk appetite fades

    The rand had gained strongly in the previous month along with other emerging assets as the greenback slumped over the likelihood of lower US lending rates, but the dollar has bounced back.

  • Picture: Christa Eybers/EWN

    Rand firmer as bulls wrestle bears ahead of G20

    The rand advanced for a third straight session early on Friday, as easing trade tensions between Washington and Beijing supported risk buying going into the eagerly awaited G20 summit.

  • Picture: EWN

    Rand slips in profit-taking ahead of G20 summit

    The rand retreated early on Thursday, pausing after a two-day advance as investors took profits and looked ahead to the G20 summit where the United States and China are set to agree a truce in their tariff war.

  • 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.