ZAR The Rand ended the day only marginally weaker yesterday after making an attempt to break stronger once again. The Rand reached a low of R14.7746/$ before ending the session at R14.8837/$. The R14.80/$ level proves once again that it is a tough level to break, pushing [...]
ZAR The Rand turned around yesterday, moving back below the R15.00/$ level but staying in that 20-cent range once again as expected. The Rand reached a low of R14.8318/$ before ending the session at R14.8639/$. The R14.80/$ level on the downside will prove tough to break once [...]
ZAR The Rand wiped out almost all of Thursday’s gains during Friday’s session as the dollar staged a recovery against most currencies. The Rand reached a high of R15.0402/$ but managed to close the week below R15.00/$, ending the session at R14.9443/$. After 3 solid days of [...]
ZAR The rand strengthened further yesterday, briefly crossing the R14.80/$ threshold as US inflation data disappointed, prompting further risk-on trades. EM currencies are finding reprieve after risk appetite had waned, as reflation fears take a backseat. The rand strengthened to R14.7874/$ and ended the session at R14.8182/$ [...]
ZAR The rand maintained direction yesterday, extending previous session gains to recover against the dollar, trading back below R15.10/$ as the rand still benefits from positive growth data, and improvement in appetite for riskier assets as US Treasury yields tapered. Our local unit strengthened to R15.0462/$ and [...]
ZAR The rand found some reprieve yesterday, retracing nearly 30c to the dollar to trade back down to the R15.30/$ level as positive local GDP data, and a move by investors to higher yielding assets lent support. Our local unit strengthened to R15.2700/$ and ended the session [...]
ZAR The rand continued to trade weaker yesterday as part of a major EM sell-off as investors chase dollar gains and investment-grade debt. Although current weak conditions are forecast to persist as US Treasury yields rise, overall positive global recovery sentiment is expected to curb losses as [...]
ZAR The rand traded on the back foot on Friday as the market favored the safe-haven dollar, reversing recent emerging market gains, especially the rand. Despite surging commodity prices on the back of improved global economic growth sentiment, the rand may be falling behind as it battles [...]
ZAR The South African rand was trading slightly firm at its open on Thursday, as investors were trading with some caution ahead of Jerome Powel's speech on the day, which would most likely sway investor’s sentiment. Intraday activities, along with comments from Jerome Powel’s speech, saw the [...]
ZAR The South African rand traded most of the Asian session in green yesterday, attempting to continue with the momentum we have seen in the previous two sessions. Though the local currency struggled quite a bit to hold on to its earlier gains, as late trades along [...]
