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Stronger Rand

  • The rand rallies on the back of an interest rate hike
  • Yesterday, the South African Reserve Bank hiked interest rates 0.25% amid worries over inflation. The news came as a bit of a surprise as the majority of economists thought the central bank would leave rates unchanged. The rand reacted positively to the news, clawing back some of its recent losses. Let's take a closer look… The rand strengthens on news of an interest rate hike  ... ››› more
  • [20 November 2015]
  • The rand could be heading for R12.95 to the dollar
  • This morning, the rand was trading stronger against the dollar and other major currencies. This is due to better than expected economic growth data out of China. Plus with the market betting on the Fed not raising hikes this year, this has also benefitted the rand. Let's take a closer look at what's going on… The rand is showing signs of strength This morning, the rand flirted wit... ››› more
  • [19 October 2015]
  • A weaker dollar is music to the rand's ears
  • The dollar has taken a turn weaker as there is a growing belief that the US Federal Reserve won't raise interest rates this year. This has been good news for emerging market currencies, including the rand, and stocks. Let's take a closer look at what's going on… The rand is rallying stronger Yesterday, the rand gained the most “in almost a week” after feeling the pressure on T... ››› more
  • [15 October 2015]
  • The release of the Fed's minutes is good news for the rand
  • The rand is hovering close to its best levels in a few weeks as the dollar trades weaker. This latest improvement in the rand and decline in the dollar is thanks to the release of the minutes from the latest Federal Open Market Committee meeting. Let's take a closer look at what's going on… The rand hit a near three week high This morning, the rand managed to trade as strong as R1... ››› more
  • [09 October 2015]
  • The rand hits its best level in two weeks on the back of a weaker dollar
  • Today, the rand clawed back over 1% to trade to its best levels in two weeks. The currency is gaining on the back of a weaker greenback. The dollar is under pressure as traders bet against interest rates rising this year in the US. Let's take a closer look at what's going on… A weaker dollar is good news for the rand The rand rallied against the dollar today thanks to dollar weakn... ››› more
  • [07 October 2015]
  • The rand greets the Fed's decision well
  • Last night saw the release of the much anticipated statement from the US Federal Reserve about what it was going to do with interest rates. After much speculation, the Fed decided to keep rates unchanged again. Stock markets fell on the news, but there has been some respite for the rand. Let's take a closer look… The rand weakened before the Fed’s announcement Before the Fed... ››› more
  • [18 September 2015]
  • The rand bounces stronger as markets recover
  • After plunging at the start of the week, the rand has managed to recover to trade close to R13 to the dollar. On Monday, chaos struck global markets. This sent the local currency reeling, but the worries over China's economy seem to be abating for now. Let's take a closer look at what's going on… Worries about China remain, but the rand could strengthen further This morning, the ... ››› more
  • [27 August 2015]
  • The rand responds positively to the Reserve Bank's announcement
  • Yesterday, the governor of the South African Reserve Bank announced that the monetary policy committee decided not to hike interest rates. But the central bank revealed that it was likely to be just a matter of time before rates would have to rise to keep inflation under control. The rand responded well to the news. Let's take a closer look at what's going on… The rand benefits fr... ››› more
  • [22 May 2015]
  • The rand rallies back under R12/$ after the release of poor US jobs data
  • The rand has certainly been on a roller coaster ride over the past few weeks. And yesterday wasn't any different. But thanks to disappointing jobs data released in the US yesterday afternoon, the rand rallied strongly, climbing back under R12/$. Let's take a closer look at what's going on… The rand gained 1.4% against the dollar The rand managed to claw back to R11.9615 to the dol... ››› more
  • [02 April 2015]
  • The rand rallies stronger along with other emerging market currencies
  • The rand has continued to strengthen after enduring two weeks of extreme volatility. The local currency has managed to claw back well below R11.80/$. Helping the rand and other emerging market currencies has been a weaker dollar. Let's take a closer look at what's going on… Uncertainty over interest rate hikes in the US take the rand stronger Yesterday, the rand gained from an “... ››› more
  • [25 March 2015]
  • The rand pulls back under R12/$ thanks to a stronger euro and weaker dollar
  • Over the last couple of weeks, the rand has been on a rollercoaster ride. After the release of buoyant US jobs data, the local currency felt the effects of money moving out of emerging market currencies into the greenback. But after the US Federal Reserve (Fed) indicated that an interest rate hike could be further down the road than market participants thought, the dollar has lost some of i... ››› more
  • [24 March 2015]
  • A number of positives put the rand on a firmer footing
  • Over the last couple of weeks, the rand has been on a bit of a roller coaster ride. This included it weakening against the dollar to levels not seen for almost 12-years. But the release of positive local data yesterday, along with the release of the US Federal Reserve's latest minutes has helped to bolster the local currency. Let's take a closer look at what's going on… The rand bene... ››› more
  • [19 February 2015]
  • The rand strengthens as the oil price creeps higher
  • Yesterday, the rand jumped stronger against the dollar as the oil price continued to rise. Traders around the globe are looking to riskier assets again as there are hints the worst of the oil price slump is over, for now. Let's take a closer look at what's going on… The rand strengthened over 1% yesterday This morning, the rand has held onto its gains from yesterday after hitting ... ››› more
  • [04 February 2015]
  • The rand benefits from Europe's new stimulus programme, but has it run too much?
  • This week, around the globe, investors were waiting for yesterday's announcement from the European Central Bank (ECB). The new stimulus programme exceeded expectations. The rand rallied on the news, but there are concerns the local currency's signs of strength are going to be short-lived. Let's take a closer look at what's going on… The rand rallied strongly on the back of the ECB’... ››› more
  • [23 January 2015]
  • The rand recoups most of the year's losses as US wage growth disappoints
  • Today, the rand is trading near its strongest level so far for 2015. The local currency has been under pressure as global investors shunned emerging market assets. Friday's non-farm payroll data did better than analysts expected. But concerns relate to the slow growth of average wages. This news fuelled speculation that the US Federal Reserve (Fed) won't hike rates until at least the middle ... ››› more
  • [12 January 2015]
  • The rand surges towards 11/$
  • This afternoon, the local currency has gained nearly a percent. After a slow morning, the rand gained momentum to strengthen against the dollar along with other emerging market currencies. Let's take a closer look at what's going on… The rand rallied this afternoon This morning, the rand treaded water against the greenback looking for direction, says Fin24. It managed to strengthe... ››› more
  • [18 November 2014]
  • The rand firms against the dollar and looks set to end the week below 11/$
  • Local traders were concerned at the start of the week about what it had in store for the local currency. This week, a number of key data releases could have sent the rand into a tail spin. But so far it's holding firm. All week the rand has managed to keep below the key 11 to the dollar level. Let's take a closer look at what's going on… The rand gained against the dollar The r... ››› more
  • [31 October 2014]
  • The rand hits a six-week high against the dollar after disappointing US data
  • At the beginning of the week, the rand eyed a week full of important domestic data releases. This includes employment figures, producer inflation and trade balance data. Expectations were for the rand to remain range bound hovering around 11 to the dollar. But data out of the US yesterday helped to give the rand a much needed boost. Let's take a closer look at what's going on… The ra... ››› more
  • [29 October 2014]
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