Currency strengthens in line with ongoing trends
Over the past week, the South African rand has shown increased strength, notably influenced by a weakening US market and conservative policies from the South African Reserve Bank (SARB). On …
Over the past week, the South African rand has shown increased strength, notably influenced by a weakening US market and conservative policies from the South African Reserve Bank (SARB). On …
Over the past week, the South African rand strengthened against most major currencies. This rise was primarily influenced by international factors, particularly trends in the US Dollar (USD), though domestic …
The South African rand demonstrated significant strength this past week, largely influenced by international factors and global market sentiments. The rise in tensions between Israel and Iran, particularly expectations of …
This past week, the South African rand experienced notable declines, primarily influenced by a “risk-off” sentiment amid the ongoing conflict in the Middle East and concerns over potential escalations. Notably, …
This week, two significant events occurred. Firstly, US inflation data came in higher than expected, delaying the anticipated rate cut from July to September, which in turn strengthened the US …
At the beginning of this week, the Rand has shown strength, trading above R19.05 against the US Dollar (USD) and surpassing R24 against the British Pound (GBP). USD/ZAR ascending triangle …
Over the past week, the South African Rand weakened further against most currencies, including those from emerging markets and developed countries. Notably, the Rand declined by 2.04% against the New …
The South African Rand has exhibited some fluctuation, oscillating within a roughly 3% range since last Tuesday. As of this writing, it is positioned at the midpoint of this range, …
The Rand finished 2023 on somewhat strong terms in December, closing at R18.28 against the US Dollar and R23.29 against the British Pound. The strong December was quickly forgotten, as …
The South African rand continues its woeful performance against almost all traded currencies and has continued to be a standout underperformer. The ZAR closed last week’s trading at R18.93 to …