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South African rand steadies after previous day's 5-year lows JOHANNESBURG: South Africa's rand was largely flat against the dollar on Tuesday and should stay within a narrow range for the day given dearth of market-moving data and news to move it. At 0648 GMT the local currency was trading at 10.6500 against the dollar, just 0.05 percent off of Monday's close in New York. It was 0.12 percent firmer at 14.4272 to the euro. Government bonds firmed slightly and yields on the 2026 government bond and the 2015 paper edged 1.5 basis points lower to 8.27. The rand fell to a five-year trough of 10.7360 to the greenback during Monday's session and could soon target such lows again amid lukewarm investor appetite for riskier currencies, which are seen as taking the brunt of a cut back in US monetary stimulus. But a lack of substantial event risk should offer the rand a reprieve on Tuesday, analyst John Cairns of ...

Nigerian naira firms on state oil firm dollar sales LAGOS: Nigeria's naira currency strengthened against the dollar on the interbank market on Friday, a day after the state oil company sold $400 million to some lenders, dealers said. The local currency closed at 158.85 to the dollar, firmer than the 158.80 to the dollar it closed at on Thursday. The naira unit had weakened to 161.20 to the dollar last week, its weakest in three months, owing to a surge in dollar demand. Traders ...
Kenyan shilling falls on dollar demand ahead of New Year NAIROBI: The Kenyan shilling weakened 0.2 percent in early trading on Monday as corporate clients bought dollars ahead of the New Year holiday, traders said.The shilling fell to 86.20/30 from Friday's close of 86.00/10 on thin volumes."We're seeing some last minute corporate demand and there are no dollar inflows. It's a very thin market," said Andlip Nazir, senior trader at I&M Bank.Nazir said the weakening trend would continue into the first week of January with ...
South African rand slides to 3-week lows in thin year-end trade JOHANNESBURG: South Africa's rand slid more than 1 percent to a 21-day low against the dollar on Friday as political turmoil in Turkey made investors nervous about high-yielding but riskier emerging market assets. Government bonds were not spared from the sell-off, with the yield for the benchmark 2026 note adding three basis points to 8.185 percent while that for the 2015 paper was up 2.5 basis points to 6.08 percent. The rand hit a session ...
South Africa's rand edges up, bonds firm in quiet trade JOHANNESBURG: South Africa's rand edged up against the dollar and government bonds were also firmer in a quiet Monday session with many market players taking year-end breaks.The yields for the benchmark 2026 note and the 2015 paper were each down 4 basis points, at 8.155 percent and 6.05 percent respectively.The rand was trading up 0.47 percent at 10.3115 against the dollar at 1441 GMT, compared with Friday's close of 10.3600."Year-end demand for South African bonds ...
Kenya shilling firms slightly on low dollar demand NAIROBI: The Kenyan shilling was a touch stronger on Monday, supported by subdued demand for the dollar ahead of the holiday period.At 0819 GMT, commercial banks quoted the shilling at 85.60/85.80 to the dollar, compared with Friday's close of 85.70/80."Kenya is normally importer-based but with manufacturers and importers closed down (for holidays), there is no dollar demand," said Erik Gathetcha, a trader at I&M Bank."I expect this to continue through the week."The shilling, which is ...
South Africa's rand edges up, bonds firmer in quiet trade JOHANNESBURG: South Africa's rand edged up slightly against the dollar and government bonds were also firmer in what looked to be a quiet Monday session with many market players taking year-end breaks. The yields for the benchmark 2026 note and the 2015 paper were each down 4 basis points at 8.155 percent and 6.05 percent respectively. By 0718 GMT, the rand was trading 0.22 firmer at 10.3375 against the dollar compared with Friday's close at ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln