‘South African Rand’ News Archive

Rand Strengthens on Prospect for Favorable Outcome of EU Crisis

Tuesday, May 18th, 2010

South African randThe South African rand rose today against the U.S. dollar, the second day of gains after the currency tumbled previously, after the EU leaders ensured that the budget cuts won’t bring the European economy down, causing the risk appetite to return; later the rand declined and currently trades near its opening level.

Rand Weakened by Concerns for Demand & Interest Rates

Thursday, May 13th, 2010

South African randThe South African rand weakened today amid the concerns that the fiscal crisis in the European Union will afflict the pace of the global economic recovery, damping the demand for the riskier assets.

Rand Weakened by Unfavorable Jobs Data & Declining Gold

Tuesday, May 4th, 2010

South African randThe South African rand fell today against the U.S. dollar on the outlook for the unfavorable jobless rate to remain without much improvement and as the commodity prices declined, causing the analysts to bet that the currency will remain weaker than $7.40 level.

Rand Falls with Selling of High-Risk Assets

Monday, April 19th, 2010

South African randThe South African rand dropped as the widening investigations about the activities of the Goldman Sachs Group Inc. caused the investors to sell their high-risk assets amid the growing confusion and distrust in the markets.

Rand Rebounds After Falling on Concern for Power Funding

Thursday, April 8th, 2010

South African randThe rand dropped today for the third straight day as the speculation that the World Bank won’t grant the loan for Eskom Holdings Ltd., which would be used to fund the construction of the coal-fired Medupi plant, arose concern for economic expansion of the region and doubts about the capital inflows, but after its fall the currency rebounded.

South African Rand Climbs on Commodities Rebound

Monday, February 8th, 2010

South African randAfter a bearish last week that forced emerging market currencies down versus refuge investments in the U.S. and Japan, risk appetite returned timidly today, allowing the South African rand to climb as commodities rebounded.

South African Rand Advances on Metallic Commodities

Monday, January 4th, 2010

South African randThis year started with a growing demand for metallic commodities as investors expect that the global economic recovery will rise industries’ needs for raw materials, helping the South African currency to start the year bullish.

South African Currency Up on Risk, Capital Repatriating

Tuesday, December 29th, 2009

South African randThe South African rand was one of the best performing currencies today in foreign-exchange markets as appeal for higher-yielding commodity exporter currencies was high, providing support for the rand to beat even an attractive dollar in today’s session.

South African Rand Advances on Demand for Metals

Thursday, December 24th, 2009

South African randThe South African rand touched a one-week high versus the U.S. dollar today as demand for several commodities produced in the country emerged, providing support for the African nation’s currency to advance despite negative speculations.

South African Rand Down as Greenback Appeal Rises

Monday, December 21st, 2009

South African randThe South African rand continued a decline that set it to the lowest rate in almost two months as a greenback rebound is decreasing attractiveness for high-yielding emergent market currencies.


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