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World
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Rand retreats as Fed pendulum swings back to soft cuts
At 1520 GMT the rand was 0.63% weaker at 13.9275 per dollar from a session-best of 13.8150 in early trade after momentum from a local rate cut on Thursday.
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Rand rallies after central bank cuts rates
The rand edged higher against the dollar in early Friday trade and bond yields fell after the central bank cut its main lending rate by 25 basis points on Thursday in a widely expected move to counter floundering economic growth.
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Rand, bonds rally after central bank cuts rates
The rand rallied against the dollar on Thursday and bond yields fell after the central bank cut its main lending rate by 25 basis points in a widely expected move to counter floundering economic growth.
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Rand softer ahead of rate decision, stocks slide
The rand had managed to withstand the greenback’s recovery in the last two sessions and in early trade on Wednesday touched a session-best R13.9425, aided in part by a solid retail sales print boosting bets the economy would avoid a second consecutive quarterly contraction.
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Rand slips ahead of rate decision as trade fears weigh
The mood across emerging markets was not helped by US President Donald Trump’s threat to put tariffs on another $325 billion of Chinese goods.
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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.
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Rand boosted by rise in risk-on sentiment
Rand at R13.9100 versus the greenback by 0657 GMT, a 0.36% rise from Friday’s close.
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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.
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Rand stronger with Fed seen cutting rates
Lower interest rates in the United States typically lift demand for higher-yielding assets in emerging markets like South Africa.
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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.
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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.
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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.
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Rand firms to new 3-month high as Fed cut back in play
Asian currencies rose overnight and other emerging units are expected to do the same as the session wears on, with a holiday in the United States, however, limiting volumes.
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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.
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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.
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Rand stronger after US-China trade ceasefire
The rand started the week stronger after the United States and China agreed to restart their troubled trade talks, lifting the mood across emerging markets.
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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.
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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.
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Rand stretches gains as Fed, ECB turn dovish
At 0630 GMT the rand was 0.37% firmer at 14.2675 per dollar compared to Friday’s close of 14.3200.
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Rand pauses rally, stocks slip as investors eye Fed
At 1520 GMT the rand was 0.12% weaker at 14.5250 per dollar after a close of 14.5075 overnight, losing some momentum after posting a two-week high of 14.4700 earlier in the day.
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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.
