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South African Rand

The South African rand remains resilient despite resistance

by Anas Siddiqui
The South African rand remains resilient despite resistance

Over the past week, the South African rand experienced a mixed performance, driven by both international market dynamics and domestic issues. The rand demonstrated notable resilience, but ongoing challenges and …

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Rand stable despite global turmoil 

by Anas Siddiqui
Rand stable despite global turmoil 

Over the past week, the South African Rand (ZAR) maintained stability, fluctuating within a limited range. The currency consistently traded between R23.75 and R23.95 against the British Pound. During the …

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South African economy strengthens with Gold Surge

by Ron Morgan
South African economy strengthens with Gold Surge

This past week, the South African Rand demonstrated notable strength, achieving levels not seen since mid-February. The Rand’s robust performance was primarily fueled by a significant rise in gold prices …

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The Rand tumbles amid fiscal concerns

by Anas Siddiqui
The Rand tumbles amid fiscal concerns

This week, the South African Rand experienced a significant decline against major currencies, influenced by negative market reactions following the national budget announcement. The Rand is currently trading at R19.17 …

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Asian stocks follow Wall Street higher

by Anas Siddiqui
Asian stocks follow Wall Street higher

Reuters: South Africa’s rand slipped against the dollar on Wednesday as a drop in domestic inflation did little to prop up the currency ahead of an interest rate decision by …

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Dollar stays on the back foot as traders look to Fed for cut clues

by Anas Siddiqui
Dollar stays on the back foot as traders look to Fed for cut clues

Reuters: The dollar remained on the back foot versus major rivals on Wednesday, as traders braced for the conclusion of a Federal Reserve policy meeting and clues on when the …

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South African rand was weaker ahead of data-filled week

by Anas Siddiqui
South African rand was weaker ahead of data-filled week

Reuters: The South African rand was weaker in early trade on Monday ahead of a week jam-packed with both local and global economic data releases. South African rand was weaker …

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Dollar started steady on Monday with US inflation Fed meeting looming

by Anas Siddiqui
Dollar started steady on Monday with US inflation Fed meeting looming

Reuters: The Dollar started steady on Monday, with a reading on U.S. inflation and the Federal Reserve’s last policy meeting for the year likely to set the tone for the …

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South African rand gained; Nikkei slides as rate hikes loom

by Anas Siddiqui
South African rand gained; Nikkei slides as rate hikes loom

Reuters: The South African rand gained on Thursday on increasing bets that the U.S. Federal Reserve might implement interest rate cuts early next year. South African rand gained At 1506 …

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South African rand firmed: Euro near three-week low

by Anas Siddiqui
South African rand firmed: Euro near three-week low

Reuters: The South African rand firmed on Wednesday after subdued U.S. labour data boosted bets that the Federal Reserve was done hiking interest rates and might start easing its monetary …

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