-
Rand gains as dollar weakens ahead of Fed
Investors are waiting to see if the US Fed reinforces an more upbeat tone that has followed moves in the United States and Europe to reopen economies.
-
Rand flat, stocks slip as risk bulls pause for Fed meeting
At 1550 GMT, the rand was 0.02% firmer at R16.6770, barely moved from its overnight close having touched a fresh two-month best of R16.6250 before pausing as traders waited for the United States Federal Reserve’s policy meeting.
-
Rand creeps up as risk sentiment holds, stocks slip
The rand inched firmer on Monday as hopes of a rapid global economic recovery from the COVID-19 pandemic continued to feed risk appetite.
-
Rand hits 11-week high, stocks gain
Stocks rose along with global markets as investors priced in an economic recovery following the shock of the coronavirus pandemic.
-
Profit taking pauses rally in rand, stocks
Traders kept mostly on the sidelines awaiting the widely watched United States unemployment figures due on Friday.
-
Rand climbs to 11-week peak, markets rally
The stock market mirrored the upbeat sentiment of the currency to scale a 13-week peak on Wednesday.
-
Rand, stocks jump as lockdowns eased
The currency ended May on the front foot, buoyed by the South African central bank’s support for the economy, including a fourth lending rate cut in as many months and a bond-buying programme that has eased liquidity strains.
-
Rand advances on easing coronavirus fears
Manufacturing PMI recovered slightly in May from April’s record low, although factory activity still contracted heavily, while the world’s no.2 economy, China, also recorded improved factory activity.
-
Rand, stocks drop with focus on US response to China over Hong Kong
The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.
-
Rand weaker as stocks push higher despite rising US-China tensions
Stocks firmed on Thursday with risk-on sentiment remaining intact on optimism that global growth is recovering as economies reopen after coronavirus lockdowns.
-
Rand falls as Sino-US friction dents risk appetite
The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.
-
Rand hits 8-week high vs dollar
Major global currencies also strengthened against the dollar on rising hopes of economic recovery.
-
Rand slips on US-China tensions
South Africa’s economy was in bad shape before the COVID-19 pandemic struck, with repeated bailouts for ailing state firms like power utility Eskom and South African Airways a drain on public finances.
-
Rand retreats as US-China tensions dim risk appetite
The stock market also slipped as further strains in the Sino-US relationship offset optimism over a global economic recovery from the coronavirus.
-
Rand strengthens after central bank cuts repo rate, stocks fall
The central bank cut its main lending rate by 50 basis points to 3.75% on Thursday in an effort to shield the economy from the impact of the virus. Rate cuts this year now total 275 basis points.
-
Rand firms to 5-week highs, stocks continue to move up
Stocks continued their upward trajectory, following other global markets on renewed optimism of economies opening up and increasing demand.
-
Rand firms on COVID-19 vaccine hopes
The country’s stock market was also buoyant on the back of expectations for the vaccine which would ultimately enable economic activity to return to normal.
-
Rand rises on easing lockdown restrictions globally, markets rally
The South African currency continues to be weaker against the dollar than most emerging market currencies such as that of Turkey, Argentina or Brazil.
-
Rand weakens on coronavirus rebound fears
New infections in Germany and other countries that have eased their lockdown restrictions dented earlier investor optimism that economies could get back to close to normal soon.
-
Rand weaker as global economic worries weigh
Moves in risk currencies globally, including the rand, have been sentiment-driven in recent sessions, with investors mostly staying on the sidelines as they weigh the prospects of a quick economic recovery.
-
Rand inches firmer in cautious trade, stock market down
Investor concerns about new virus infections in China, Germany and South Korea have dimmed some of the hopes for a quick rebound in the global economy as countries look to restart activity and avoid prolonged recession.
