Tag: rand
Rand leads losses as Covid-19 fears grip emerging markets
South Africa's rand fell on Monday to lead losses on an index of emerging market currencies, as Covid-19 curbs were increased after a third wave of the pandemic gripped the country,...
ZAR strength continues
The rand has made record gains in the month of April by climbing 4.2% against the dollar and 3% against the pound. Thin liquidity is expected this week resulting from Tuesday’s...
Rand closed 1.7% stronger
The signing of the US $1.9 trillion relief package into law by President Biden and declining US bond yields saw the Dollar trade on the back foot and risk currencies firm...
Rand steadies against the dollar
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A stronger risk-on tone and a US dollar selloff were apparent from the start...
Rand steadies overnight
The South African currency started the week on the back foot as risk-off sentiment nocked the local unit from a six-month high reached against the greenback last week according to NKC...