Browsing: South Africa
The South African rand (ZARUSD) opens trading on a weak note after the local unit was sold off amid rising crude oil prices, a direct consequence of Middle East tensions.
The South African rand lost momentum against Western currencies on Monday amid a US dollar rally, surging global oil prices and an increase in the country’s unemployment Rate.
The South African Rand strengthened moderately against major currencies, rebounding from a two-day losing streak, First National Bank (FNB) said in its morning brief on Thursday.
South African Rand Rallies Against Dollar, Euro, Sterling The South African Rand strengthened against its major currencies as easing Middle…
The South African rand weakened against major crosses in the foreign exchange market as investors sought positions in safer global currencies amid geopolitical pressures.
South African Rand Slips as Fed Keeps Rates, Oil Rises The South African rand slipped against the US dollar, the…
The South African Rand weakened across the board, trading lower against the US dollar, the Euro and the British pound, on Tuesday as gold, the country’s major export earner, came under pressure.
The South African Rand posted fresh gains after a rebound against major currencies, including the US dollar (USD), the Euro (EUR), and the British pound (GBP).
South Africa: Johannesburg Stock Exchange (JSE) index dipped on Thursday as the share prices of Byte Technology Group and FirstRand dived amid selling pressure.
African sovereign borrowers are poised to benefit from a weaker U.S. dollar, which alleviates imported inflation and lessens the local-currency burden of external debt, according to a non-rating commentary note from S&P.