The South African rand began the week at R17.07 against the US dollar, reaching a 20-month high after a period of steady gains. As expected, the rand saw some losses due to global influences, particularly from the US and Middle East. On Monday, the rand briefly strengthened to R17.03, benefiting from improved investor sentiment towards … Read more
The South African rand slipped on Monday, pausing after two weeks of gains driven by improved investor sentiment. It traded at R17.25 to the dollar, about 0.8% weaker than Friday’s closing level. Over the past week, the rand has shown both strength and volatility, influenced by global and domestic factors. As of September 2024, the … Read more
The South African rand opened the week at R17.82 against the US dollar, having recently hovered around its R17.67 support zone. There was optimism for further strengthening, especially with an expected US interest rate cut on the horizon. However, the rand slipped, closing Tuesday at R17.92. This weakening was mainly due to the release of … Read more
Last week, the South African rand opened at R17.79 against the US dollar. Throughout the week, the rand fluctuated, slipping to R18.02 and gaining as much as R17.59, influenced by economic releases that affected both the rand and the dollar. On Monday, the dollar saw significant gains as investors anticipated South Africa’s Q2 GDP data, … Read more
Over the past week, the South African rand (ZAR) has experienced significant fluctuations due to a mix of domestic and global factors. The rand initially showed strength, supported by positive domestic economic data. The week began with the rand trading at 17.85 USD/ZAR, dropping by 17 cents, and closing at R17.69 against the dollar. Investor … Read more
Over the past week, the South African rand (ZAR) increased significantly against both the USD and the British Pound (GBP). The currency was mostly driven by a weaker USD and a robust gold price. Local data was muted and nothing significant happened on the local front. Meaning that the rand movement was influenced by international affairs. … Read more
