The South African rand weakened today, extending its longest decline in a year and touching the lowest level in four years, on concerns that worker strikes and falling commodity prices will hurt the nation’s economy.
USD/ZAR — News Archive
March 01st, 2013 at 13:11
The South African rand declined today as the nation’s trade balance deficit widened more than experts have predicted, driving investors away from South African assets.
The South African rand rose today, erasing previous decline and touching the highest level in more than a week, on speculations that the recent losses of the currency, which was the worst performer among the currencies of emerging economies, were excessive.
February 12th, 2013 at 15:22
The South African rand dropped today after the North Korean nuclear weapon test increased geopolitical tension, making investors seek safety and avoid riskier assets.
January 22nd, 2013 at 21:55
The South African rand appreciated today after the Bank of Japan spurred risk appetite on the Forex market by boosting its stimulating measures in order to help the economy.
January 17th, 2013 at 17:36
The South African rand resumed its decline against the US dollar today as fears of labor unrest in the country remain even as protests subsided and workers started to go back to work.
January 14th, 2013 at 13:12
The South African rand advanced today after five days of losses on speculations that the drop was overdone and after yield on nation’s debt fell.
The South African rand dropped today as concerns about the worker strikes overshadowed the positive trading data from China. The news from China boosted commodity currencies, but the local problems did not allow ZAR to profit from that.
January 09th, 2013 at 15:04
The South African rand advanced today, before retreating a bit, as investors ramped up buying of the country’s bonds and on speculations that increasing demand for raw material will boost commodity currencies.
January 08th, 2013 at 16:33
The South African rand continued to decline today as the threat of strikes among agriculture workers deterred investors from buying South Africa’s assets.