The South African rand dropped today as Finance Minister Pravin Gordhan lowered the economic growth outlook, making nation’s assets less attractive to investors. The general market sentiment was also adverse to the currency.
USD/ZAR — News Archive
August 23rd, 2013 at 12:39
The South African rand was able to strengthen today even though the vast majority of commodity-related currencies experienced weakness due to concerns about possible stimulus tampering in the United States.
June 26th, 2013 at 12:51
The South African rand strengthened today as exporters took benefit of the low exchange rate and converted their earning to the local currency, increasing demand for the rand.
June 06th, 2013 at 20:56
The South African rand appreciated today as the central bank indicated that there is a limited room for an interest rate cut due to inflation risks.
May 31st, 2013 at 16:00
The South African rand weakened today on signs that the central bank may intervene to curb volatility of the exchange rate.
May 17th, 2013 at 8:15
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.
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.