'Fewer but newer' nuclear arms in the world: report
World
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Rand heads for more than 3% weekly loss on power crisis
After this week’s steep fall in the rand, Nedbank CIB analysts said they were more comfortable that risks to the currency were better priced.
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SA currency breaches R14 to dollar as Eskom sours outlook
The dollar out-stripped most other currencies, supported by good inflation data and weak growth in Europe.
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Rand firms as trade-talk progress boosts risk assets
The rand firmed against the dollar in early session on Wednesday, supported by rising risk appetite globally on increasing hopes of a breakthrough in US-China trade talks.
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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.
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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.
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Rand report: Rand regains some ground as dollar rally fades
The currency made some small initial gains overnight following President Cyril Ramaphosa’s State of the Nation speech on Thursday, before falling back again as offshore factors continued to overshadow local issues.
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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.
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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.
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Rand backtracks after Fed surge
The rand weakened early on Friday, giving up some of the ground it gained after a Fed-inspired surge to a six month high, with weak economic data from China dampening risk demand and igniting some profit-taking.
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Rand slips after post-Fed surge
The rand has enjoyed a bumper start to 2019, rallying more than 7% against the US currency, mainly because of expectations that the Fed would slow the pace of its monetary policy tightening.
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Rand inches up as offshore turmoil aids EM currencies
The rand opened marginally firmer on Wednesday with investors treading water and awaiting developments in the Brexit saga and the US central bank’s decision on lending rates.
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Rand edges lower in cautious early trade
The rand has struggled to hold recent gains below the R13.60 technical resistance mark and is seen by traders drifting within a narrow range, with a topside target of R13.70.
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Rand firms as risk-taking offers support
The South African currency has taken its cue from global drivers for much of this month, first from expectations that the pace of US monetary tightening will slow this year and more recently from concerns over global growth.
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Rand flat; Vodacom slumps on revenue slowdown
Vodacom was hit by a slowdown in quarterly revenue growth, as its home market performed badly.
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Rand recovers before inflation data
The rand recouped some of the previous day’s losses early on Wednesday, before the release of inflation data which is expected to show a significant slowdown in price rises for consumer goods.
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Rand weakens on risk aversion
The rand weakened against the dollar in early trade on Tuesday, still reeling from concerns about weakening global growth and data that showed China’s economy slowed sharply in 2018.
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Rand steady in early trade
The rand traded steady against the dollar on Friday, after slipping in the previous session following the central bank’s less-hawkish tone and decision to leave interest rates unchanged.
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Rand marginally lower ahead of rates decision
All 27 economists polled by Reuters had predicted the central bank would keep the rate unchanged at 6.75%, but said a hike was likely in May due to rising inflation.
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Rand little changed, eyes on retail sales data
The rand was little changed against the dollar in early trade on Wednesday amid uncertainty over Brexit and as market participants awaited the release of local retail sales data for clues on the health of the domestic economy.
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Rand steadies against dollar in early trade
The South African currency has started 2019 on the front-foot, rallying more than 3.5% against the dollar. But it remains vulnerable to swings in global risk appetite as well as uncertainty surrounding this year’s parliamentary election.
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Rand falls on subdued risk appetite
Locally, focus this week will mainly be on the South African Reserve Bank interest rates decision on Thursday.
