Number of candidates for Britain’s top job nears two
World
-
Rand weakens on China manufacturing slip
The rand has see-sawed in a narrow range, with little momentum in either direction, as investors wait for a US Fed policy meeting on Wednesday which is expected to keep lending rates unchanged.
-
Rand firmer as dollar buyers tread water ahead of Fed comments
The rand firmed early on Monday, scoring some relief against a slack dollar as investors looked ahead to key offshore events including a report from the US central bank.
-
Rand strengthens slightly ahead of US growth data
The rand strengthened slightly against the dollar on Friday with other emerging markets, but its gains were capped by a strong dollar ahead of US growth data.
-
Rand falls as US data bolsters dollar
The currency was trading at its weakest levels since 1 April.
-
Rand, bonds little changed, stocks set to open higher
South African markets were closed on Monday for a public holiday.
-
Rand lifted by faster Chinese growth
China’s economy grew at a slightly better-than-forecast 6.4% in the first quarter, defying expectations for a further slowdown as industrial production jumped sharply, spurring appetite for assets from emerging and commodity-driven economies.
-
Rand inches higher as bulls reappear
The rand breached R14.00 last week, reaching a six-week best of R13.8725, as weak economic data from the United States spurred buying of riskier assets.
-
Rand pauses rally with investors in wait-and-see mode
While the domestic newsflow has pointed to a sluggish economic performance in the first quarter after weeks of electricity outages into mid-March and an uncertain outcome to national elections due in May, the rand has found support offshore.
-
Rand slips after poor local manufacturing data
Data from Statistics South Africa released on Thursday showed that mining output was down 7.5% year-on-year in February, while manufacturing production barely grew, rising by 0.6%.
-
Rand retreats slightly from near six-week best
The rand retreated slightly from a near six-week best in early trade on Wednesday as investor caution prevailed due to US-Europe trade disagreements and the International Monetary Fund’s downgrade of its global economic outlook.
-
Rand on the front foot in early trade
Since advancing to a more than one-month best at the end of March after Moody’s declined to issue a credit review, the rand has traded in a narrow range as it nears the R14.00 mark seen as the next pivot point.
-
Rand retreats from 5-week high
The rand weakened in early trade on Monday, retreating from a five-week best hit in the previous session, as currency traders looked for direction from US-China trade talks and updates on Brexit.
-
Rand set for 3% weekly gain after Moody's review delay
The main boost for South African assets this week came from Moody’s keeping the country’s sovereign rating in investment grade, after it let a scheduled rating review date last week pass without any rating action.
-
Rand firmer, stocks dragged down by profit-taking
At 1700 GMT the rand was 0.2% firmer at 14.1150 per dollar from an overnight close of 14.1450 in New York.
-
Rand weaker as government mulls more Eskom support
The rand weakened early on Thursday, after a senior minister said the government was considering more financial support for the highly indebted utility Eskom.
-
Rand gains on hopes US-China trade war is easing
Demand for emerging-market currencies grew after the Financial Times reported China and the United States had resolved most of the issues standing in the way of a trade deal.
-
Rand softer as Moody's relief rally fades
The rand fell on Tuesday, tracking Asian currencies lower as an uptick in United States manufacturing data lifted demand for the dollar.
-
Rand firms after Moody's delays rating review
South African markets on Friday were on edge over the impending review, with some economists concerned that a power crisis will cost the country its last investment-grade rating and lead to the outflow of billions of dollars.
-
Rand edges higher ahead of Moody's rating review
Moody’s is indicatively scheduled to review the Baa3 rating and stable outlook it assigns South Africa later on Friday.
-
Rand slips as global risk rally slows
The rand slipped on Tuesday, surrendering the previous session’s scant gains as the dollar steadied from a sell-off triggered by fears the United States economy is heading for recession.
-
Rand slides as global recession fears hit emerging markets
The rand retreated against the dollar early on Monday, weakening alongside other emerging market currencies on fears of a slowdown in global economic growth.
