Browsing: ZAR

South African rand opens firmer on Tuesday ahead of net and gross reserves updates from the central bank.

The South African rand remained on edge amid hawkish expectations from the US Federal Reserve

The South African rand is trading stable against the US dollar, Euro and sterling on Thursday

The South African rand is firmer against the US dollar, the euro, and the British pound…

South African rand (ZAR) is little changed against the US dollar ahead of key economic data scheduled for release on Thursday.  The local unit traded rangebound in yesterday’s session and is little changed this morning, First National Bank (FNB) said in a note.

South African rand (ZAR) is trading steady against crosses on Wednesday as oil prices continue to ease in the global commodity market ahead of the purchasing manager index (PMI) report to be released by S&P Global.

The South African rand (ZAR) depreciates against crosses such as the US dollar, Euro, and sterling on Thursday ahead of the Reserve Bank’s interest rate policy decision.

The South African Rand weakened against the US dollar, Euro and sterling during early trading hours on Tuesday as the United States-Iran peace deal hung in the balance following fresh attacks.

The South African rand (ZARUSD) rose to R16.4 per US dollar on Friday, hovering near its highest level since mid-May.  The local unit saw a last-minute rally after a sharp fluctuation against crosses this week.

South African local currency, Rand is trading sideways on Thursday after inflation data released amidst ongoing negotiation between the US and Iran as part of an efforts to reopen Iran’s Strait of Hormuz.