Despite the global Covid-19 pandemic and the #BlackLivesMatter anger and protests‚ the US dollar seems to remain relatively stable. This cannot be said for the South African rand‚ however‚ which has lost around 35% of its value since the…
The rand was firmer against major global currencies on Thursday afternoon‚ bolstered by stronger prices for some commodities. Global market focus is on trade-war issues‚ with US President Donald Trump widely expected to announce the…
The rand weakened through the R15/$ mark on Tuesday morning‚ in a slide coinciding with a pick-up in oil international oil prices – a toxic mix for already rising inflation. The renewed slide in the notoriously volatile currency is likely…
THE rand plunged more than 8% alongside the Turkish lira on Monday morning‚ reaching R15.41 to the dollar around 2.30am. The R15/$ level was last reached in June 2016. The rand managed to claw its way back under R15 by 6.20am‚ trading at…
The rand was weaker against major global currencies on Monday afternoon‚ with both global events and local news providing few reasons to cheer. Disappointing Chinese economic data earlier‚ the expectation of the US’s imposition of…
