Economy News South African Rand Gains On Domestic Economy While Dollar Dips
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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. Read More
South African rand strengthens against weaker dollar
The South African rand strengthened on Tuesday, after investors took stock of a series of delayed economic data from the United States. As of 1432 GMT, the rand traded at 17.2350 against the dollar, ... Read More
Loaded for Bear: The rand and JSE’s performances are good for the economy, but don’t reflect it
Six months ago, the rand was once again down and looked to be on its way out. In April, according to South African Reserve Bank (Sarb) data, the rand fell as low as 19.61/dollar, nearing the record ... Read More
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