‘South African Rand’ News Archive

Rand Rebounds as Manufacturing Expands

Wednesday, September 1st, 2010

South African randThe South African rand rebounded today from the monthly low after the local manufacturing expanded for the first time in three months and as the economic data from Asia was better than expected.

Rand Weakens on Slower Manufacturing Growth

Wednesday, August 11th, 2010

South African randThe South African rand dropped versus the US dollar today, following yesterday’s decline, on the speculation that the growth of the manufacturing output slowed in South Africa.

Rand Goes Down as 1.3 Million Government Workers Go to Strike

Tuesday, August 10th, 2010

South African randThe South African rand fell today after a week of gains versus the US dollar as the nation’s economy may deteriorate after as much as 1.3 million government workers will go to strike to demand the higher wages.

Rand Fall as Investors Shun Riskier Currencies

Wednesday, August 4th, 2010

South African randThe South African rand fell today as the growing concerns about the global economy, caused by the signs of the US economic expansion’s slowdown, damped the demand for the currencies of the emerging markets.

Rand Appreciates as Interest Rates Remained Unchanged

Monday, July 26th, 2010

South African randThe South African rand extended its rally today for the fifth day as the prices for platinum and gold rose and the central bank kept the benchmark rate unchanged.

Rand Strengthens as Global Recovery Gains Momentum

Friday, July 9th, 2010

South African randThe South African rand extended its gains against the U.S. dollar for the fourth consecutive day as the speculation that the global economic recovery is gaining momentum encourages the investors to purchase the higher-yielding assets.

South African Rand Strengthens After G-20 Meeting

Monday, June 28th, 2010

South African randThe South African rand gained today as the attractiveness of the higher-yielding currencies increased after the Group of Twenty leaders discussed plans to curb the budget deficits.

Trade Deficit Hurts South African Rand

Monday, May 31st, 2010

South African randThe South African rand fell today after the country posted the trade deficit in April, which caused the concerns that the nation’s economy will be more dependent on the foreign financial inflows.

Rand Weakened by European Troubles & Workers’ Strike

Tuesday, May 25th, 2010

South African randThe South African rand tumbled today against the U.S. dollar, erasing its previous gains, as the concerns about sovereign-debt crisis in the European Union made metal prices decline and after the two-week wedge strike.

South African Rand Bolstered by Solid Economic Growth

Monday, May 24th, 2010

South African randThe South African rand strengthened today versus the euro and the U.S. dollar after the retail sales grew as the central bank has performed the interest rates cuts, leading to the accelerated economic expansion and the stronger currency.


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