All
 

 

Just in:  

You are here: Home»Markets»FXMM»Middle East & Africa

Middle East & Africa

Archive

South Africa's rand under pressure as trade deficit widens JOHANNESBURG: South Africa's rand weakened for the second straight day against the dollar on Friday, hitting a session trough after data from the revenue service showed a trade deficit for April, the latest sign of a struggling economy. The local unit was within easy reach of five-week lows hit this week after Statistics South Africa said GDP growth expanded by only 1.3 percent in the first quarter while the jobless rate worsened. The rand fell to 12.1850 versus the greenback on Friday from Thursday's close of 12.1300, after trade numbers showed South Africa recorded a wider deficit of 2.51 billion rand in April from a 9 million rand gap in March. Chronic trade deficits point to continued pressure on the current account, which together with persistent budget deficits make the rand particularly vulnerable whenever investors shun riskier emerging markets. NKC analyst Bart Stemmet said while mining output was set to ...

South Africa rand extends losses against dollar, reaches 5-week low JOHANNESBURG: South Africa's rand fell more than 1.3 percent against the dollar on Thursday, tracking emerging market peers after a report said capital flows were projected to fall, weighed down partly by the prospect of higher U.S. interest rates.The rand touched a session low of 12.1925/dollar, its weakest in five weeks, and was trading at 12.1775 by 1257 GMT, down 1.29 percent from Wednesday's close in New York.Copyright Reuters, 2015 ...
Kenyan shilling drops to 3-1/2 year low, shares ease NAIROBI: Kenya's shilling fell to its lowest in close to three years and seven months on Tuesday, undermined by dollar demand from the energy and manufacturing sectors.Shares fell slightly.At the close of trade, commercial banks quoted the shilling at 98.35/45 to the dollar, down from Monday's close of 97.85/95. The shilling last traded at these levels in Nov. 2011."Demand is from energy and manufacturing. But I expect it not to weaken further. I think we ...
South Africa's rand buckles as weak data, strong dollar weigh JOHANNESBURG: South Africa's rand slipped to a two-week low on Tuesday, weighed down by poor domestic data while the dollar stretched recent gains. At 1500 GMT the rand had weakened 1.09 percent to 12.0600 per dollar, with the next support around 12.15 in sight ahead of another wave of domestic data later this week. "Rand weakness is a function of a much firmer dollar," said Nilan Morar of Global Trader, as the rand traded past ...
Kenya's shilling hits 3-1/2 year low, undermines stocks NAIROBI: Kenya's shilling sunk to a three-and-a-half year low on Monday as importers bought dollars, while stocks finished lower as foreign investors stayed out due to the weakening currency.At the close of trade, commercial banks quoted the shilling at 97.85/95 to the dollar - a level last touched in Nov. 2011 - down from Friday's close of 97.40/50."There's still some bit of dollar-buying," Martin Runo, senior trader at Chase Bank, said.The shilling has been under ...
South Africa's rand weakens on US rate hike hopes JOHANNESBURG: South Africa's rand extended its losses against a surging dollar on Monday after the US Federal Reserve Chair Janet Yellen signalled the central bank was poised to raise rates this year. At 1435 GMT the rand was 0.57 percent weaker at 11.9605 to the dollar from its closing level on Friday. "Late on Friday we obviously saw the dollar strengthen significantly because of Yellen's comments and that is why the rand lost out," said ...
South Africa's rand weakens on US rate hike hopes JOHANNESBURG: South Africa's rand extended its losses against a surging dollar on Monday after the U.S. Federal Reserve Chair Janet Yellen signalled the central bank was poised to raise rates this year.At 1435 GMT the rand was 0.57 percent weaker at 11.9605 to the dollar from its closing level on Friday."Late on Friday we obviously saw the dollar strengthen significantly because of Yellen's comments ... and that is why the rand lost out," said Ion ...

 



 
Index Closing Chg%
Arrow DJIA 17,440.59 0.73
Arrow Nasdaq 5,039.78 0.96
Arrow S&P 2,067.64 0.58
Arrow FTSE 6,505.13 1.13
Arrow DAX 11,056.40 2.56
Arrow CAC-40 4,927.60 2.57
Arrow Nikkei 20,350.10 0.95
Arrow H.Seng 24,351.96 3.09
Arrow Sensex 27,561.38 1.96





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln