The South African rand dropped today as Standard & Poor’s lowered the nation’s sovereign credit rating due to slow economic growth and other problems that make South African assets less attractive to investors.
USD/ZAR — News Archive
June 13th, 2014 at 22:20
May 08th, 2014 at 14:21
The South African rand climbed today, rising to the highest level this year, on speculations that the current ruling political party will remain in power, while positive economic news from China increased attractiveness of riskier currencies in general. The rand is the best performer against currencies of emerging economies.
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.
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.