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  • Picture: EWN

    Rand firms in subdued start for emerging markets

    With local mining, manufacturing and business confidence data due later this week, the rand is set to take its lead from the British parliamentary vote on Tuesday on whether to go ahead with the country’s exit plan from the European Union.

  • South African rand. Picture: Christa Eybers/EWN

    Rand falls as dollar hovers near 2-week high

    On Tuesday, the dollar rose as unexpectedly strong data on US services industries and new home sales helped sooth some fears about the state of the world’s top economy.

  • Picture: Supplied

    Rand trades sideways ahead of GDP data

    Investor concerns over the state company, and overall economic growth, have seen the rand struggle to shake-off an emerging-market selloff that has abated in other regions, while elections due in May have also kept money on the sidelines.

  • Picture: Pixabay.com.

    Rand firms as US-China trade optimism boosts risk appetite

    US-China trade deal appears to be closer to reality, rolling back US tariffs on Chinese goods, as Beijing makes pledges on structural economic changes and eliminates retaliatory tariffs, a source briefed on negotiations said on Sunday.

  • Picture: Supplied

    Rand stumbles as geopolitical tensions weigh

    The rand continued to weaken early on Thursday as geopolitical tensions abroad and uncertainty over the US-China trade deal subdued demand for emerging market currencies.

  • South African rand.  Picture: Christa Eybers/EWN

    Rand steady on soft dollar after Fed comments

    The rand has traded below the psychologically significant R14.00 per dollar level for the past few sessions as last Wednesday’s budget lowered market bets of a credit rating cut by Moody’s after a week of power cuts by utility Eskom had spooked investors.

  • Picture: Supplied.

    Rand retreats on cooling trade optimism

    The rand has traded below the R14.00 per dollar psychological level for the past few sessions as last Wednesday’s budget lowered market bets of a credit rating cut by Moody’s after a week of electricity blackouts by Eskom had spooked investors.

  • money-notes-coins-randsjpg

    Rand on the backfoot after lukewarm budget

    The rand initially swung weaker as Finance Minister Tito Mboweni revealed R69 billion ($4.92 billion) support for Eskom, but regained some ground as traders saw a smaller chance of a rating cut to 'junk' by Moody’s.

  • Picture: EWN

    Rand flat with annual budget hours away

    The rand was largely flat against the dollar on Wednesday, a few hours before Finance Minister Tito Mboweni presents the annual budget laying out government plans to resolve a crisis at state-run power firm Eskom.

  • Picture: EWN

    Rand weakens as Eskom crisis weighs

    The rand has tumbled more than 6% since ailing power supplier Eskom resumed nation-wide electricity blackouts last Monday over technical issues at its creaking fleet of coal-fired plants.

  • Picture: Christa Eybers/EWN

    Rand steady as Eskom-linked rout pauses

    Eskom said on Friday the probability of power outages this week was low as the performance of its creaking fleet of coal-fired stations had improved.

  • Picture: EWN

    Rand pauses plunge after Eskom fallout

    On Monday, the currency tumbled nearly 2.5% to its weakest in nearly three weeks as ailing power firm Eskom cut 4,000 megawatts from the national grid after seven generating units unexpectedly went offline.

  • Picture: EWN

    Rand steady at start of data-filled week

    The rand steadied against the dollar in early session on Monday, as traders focus on a slew of data due in the week that will provide insight into the nation’s economic performance in the final quarter of last year.

  • Picture: Christa Eybers/EWN

    Rand steady in early trade

    The rand traded sideways on Tuesday as the Fed-sparked rally from previous week started losing steam with market activity subdued by a holiday in Asia.

  • Picture: Supplied

    Rand edges weaker as investors await next catalyst

    The rand had a stellar start to 2019, gaining around 9% against the greenback, aided mainly by a global push for emerging market assets that was accelerated by last week’s dovish message by the United States’ central bank.