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rand vs dollar

South Africa's rand holds gains as dollar slips
Markets

South Africa's rand holds gains as dollar slips

  • Rand traded at 14.5600 against the US dollar, largely unchanged from its previous close. The currency hit a five-week high of 14.5250 on Monday.
  • In fixed income, the yield on the benchmark government bond due in 2030 was down 3 basis points at 9.535% in early deals.
Published 06 Apr, 2021 11:47am
South Africa's rand recovers, stocks rise
Markets

South Africa's rand recovers, stocks rise

  • The domestic currency will remain erratic, swinging rapidly both stronger and weaker, as global market events continue to impact its direction.
  • Stocks surged on Monday extending a massive gain seen on Friday as hopes of a faster local economic recovery added on to positive global cues.
Published 29 Mar, 2021 09:32pm
South African rand retreats from post-Fed rally, stocks edge up
Markets

South African rand retreats from post-Fed rally, stocks edge up

  • The SARB has most likely reached the end of its lowering cycle and will start moving towards a hiking cycle, albeit only from next year onwards.
  • The slow vaccination roll-out programme, which raises the concern of a third wave of Covid-19 infections, and more intensive electricity outages remain the biggest downside risk to the economy over the short term.
Published 18 Mar, 2021 09:52pm
South Africa's rand steadies as Fed verdict looms, stocks fall
Markets

South Africa's rand steadies as Fed verdict looms, stocks fall

  • "Today's FOMC meeting is perhaps the most crucial in the last six months," RMB analyst Nema Ramkhelawan-Bhana said in a note.
  • "For markets, the most important outcome relates to the Fed's view on rising treasury yields. It is the uncertainty surrounding these issues that has engendered mixed trade on international markets."
Published 17 Mar, 2021 08:45pm