Rand stable, bonds edge higher ahead of MPC

South Africa’s rand was stable against the dollar early on Monday while bond yields hovered near 20-month lows, as emerging markets continued to benefit from the European Central Bank’s larger-than-expected stimulus package.

Rand steadies against Dollar, but pressure lurks

The rand pulled back from the previous day’s one week lows against the dollar on Friday but was not of the woods as investors braced for a likely deterioration in economic growth and budget deficit forecasts next week.

Rand on the back foot ahead of PPI, trade data

JOHANNESBURG (Reuters) – South Africa’s rand traded softer than its previous close against the dollar on Thursday and could weaken further if the latest trade data shows a wider-than-expected deficit for June. The rand was at 10.6880 per dollar by 0642 GMT, down 0.26 percent from where it ended the New York session on Wednesday. Government … Read more

Rand on firmer ground, market awaits inflation data

JOHANNESBURG (Reuters) – South Africa’s rand traded firmer against the dollar on Wednesday, touching fresh four-week highs as emerging market currencies continued to benefit from the previous day’s lower than expected U.S. inflation data. Domestic inflation data due out at 0800 GMT could spur the rand further if prices rose higher in June than forecast, backing … Read more

Rand slips as hopes for end to metals strike fade

JOHANNESBURG (Reuters) – South Africa’s rand weakened against the dollar on Wednesday as a strike by 220,000 workers in the metals sector entered its third week and looked unlikely to be resolved soon. The rand slipped 0.2 percent from its close in New York to 10.7300 at 0555 GMT. The local unit made modest gains against … Read more

South Africa rand hovers near 8-day high against dollar, eyes 10.52

JOHANNESBURG (Reuters) – South Africa’s rand traded close to the previous day’s 8-day high versus the dollar on Thursday and looked set to tread a narrow range in a session devoid of market-driving domestic data releases. Investors were still buoyant on the currency a day after central bank data showed the current account unexpectedly narrowed in … Read more

Rand weakens to month-low against Dollar

JOHANNESBURG (Reuters) – South Africa’s rand fell to a month-low against the dollar on Monday as the currency continued to struggle in the face of a wider-than-expected trade deficit and a crippling, five-month strike in the platinum sector. The rand was trading at 10.569 to the dollar at 0702 GMT, after earlier dropping to a session … Read more