Rand plunges to nine-month low as US jobs surge impacts …
23 hours ago · The rand weakened by 2.1% to R19.12 on Friday as the US labour market surprised with resilience in December, driving the unemployment rate down to 4.1% ... is one of South Africa’s leading news ...
South African rand hovers near 9-month low against buoyant …
14 hours ago · South Africa's rand hovered near a nine-month low early on Monday against a buoyant dollar, amid an uncertain outlook for further interest rate cuts by the Federal Reserve.
Rand Tumbles Above 19 as Dollar Strengthens on US Jobs Data - Bloomberg.com
2 days ago · South Africa’s rand plunged to the weakest level in nine months against the dollar after US jobs data came in far stronger than expected, more evidence that interest rates there could stay ...
South African rand plunges to 8-month low after US jobs data
3 days ago · The South African rand weakened to an eight-month low on Friday after U.S. non-farm payrolls data reinforced bets that the Federal Reserve will pause its rate-cutting cycle later this month.
South African rand slips to seven-month low on strong dollar, …
5 days ago · JOHANNESBURG, Jan 8 (Reuters) - South Africa's rand weakened as a buoyant dollar and disappointing domestic economic data releases weighed on the local currency on Wednesday. At 1510 GMT, the rand ...
Trade War Fears Hit South African Rand, Sparking Biggest Drop …
4 days ago · The South African rand weakened sharply on Wednesday, sliding to its lowest level in seven months as investors worry about the possibility of sweeping tariffs from US President-elect Donald Trump.
Rand rallies to 13-month high on optimism about SA economy
Aug 30, 2024 · The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve interest-rate cuts. The South African currency advanced as much as 0.8% on Friday to 17.6069 per dollar, the strongest level since July 2023 and bringing its gain this year to 4.3% ...
Why the rand is bleeding - and could now hit R19/$ - News24
May 10, 2023 · The rand weakened to its worst level in three years and yields on local-currency bonds rose as concerns over South Africa’s continuing energy shortage and deteriorating economic outlook intensify among investors.
South African Rand Jumps as Nation Taps Reserves for Debt
Feb 21, 2024 · The rand strengthened and local bond yields dropped after South Africa said it will tap its gold and foreign-exchange reserves to reduce the scale of its public debt sales.
Tumbling rand has a lot to do with SA’s ‘weak growth story’
3 days ago · The considerable weakening of the rand against the dollar since mid-December is 20% attributable to a stronger dollar and 80% due to domestic factors, such as South Africa’s lacklustre growth ...