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...
7 things you need to know today
1. Big players rally behind accelerated economic recovery strategy
Private sector players have rallied behind the accelerated economic recovery strategy proposed by South Africa’s biggest business grouping with the aim of achieving...
Rand strengthens as lockdown easing set to commence
On Thursday last week, Ramaphosa announced that the country will be going into a level four lockdown, allowing more industries to operate. Following the announcement, the Rand strengthened about 1.1% on...
South Africa’s rand flat as investors weigh heightened local, global risks, what you need...
South Africa’s rand was flat early on Monday, holding on to its brief recovery from last week as traders and investors continued to weigh heightened global growth risks against local uncertainty.
At...
Rand buoyed by risk appetite and a weak Pound
The ZAR opened at R17.35 and continued to strengthen on Tuesday, breaking the R17.21 mark at noon. This was mainly driven by weakness in the Pound where political uncertainty around Brexit...
Rand firmer as dollar falls on rate cut bets
The rand firmed early on Tuesday, boosted by a dollar slide to multi-month lows against other major currencies as investors looked to emerging markets in the wake of dovish turn by...
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