Economy News South African Rand Gains On Domestic Economy While Dollar Dips
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South African rand strengthens on narrower current account deficit and eurobond issuance
The South African rand strengthened in early trade on Friday, continuing its break below the 17.0000 handle as the smaller-than-expected current account deficit eased pressure on the rand and the ... Read More
South African rand gains as downbeat US data weakens dollar
The South African rand gained in early trade on Wednesday after muted U.S. economic data bolstered expectations of an interest rate cut by the Federal Reserve in December, weighing on the dollar. Like ... Read More
South African rand extends gains as dollar slips
JOHANNESBURG, July 5 (Reuters) - South Africa's rand extended its gains against a weaker dollar on Friday, fuelled by expectations that the Federal Reserve will cut interest rates later this year. At ... Read More
South Africa May Exploit ‘Cheap’ Dollars to Build Reserves, Kganyago Says
South African Reserve Bank Governor Lesetja Kganyago urged credit-ratings companies to recognize the nation’s improved financial position and indicated officials may use rand strength to boost ... Read More
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