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09 Mar 2015

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Rand at 13-yr low amid US rate hike hopes

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Johannesburg - The rand fell to a new 13-year low to the dollar on Monday, after investors sold off emerging market currencies amid heightened expectations of an imminent interest rate hike in the United States.

At 17:08 GMT the rand was trading 0.21% softer at R12.0600/$ after earlier stumbling 0.8% to R12.1330, its weakest level since early March 2002, according to Thomson Reuters data.

READ: Dollar strength dents JSE

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Currencies Commodities Jse Indexes

Rand - Dollar

19.21

-0.5%

Rand - Pound

23.95

-0.7%

Rand - Euro

20.56

-0.5%

Rand - Aus dollar

12.48

-0.7%

Rand - Yen

0.12

-0.2%

Platinum

912.40

-0.8%

Palladium

1,005.00

-2.1%

Gold

2,314.58

-0.3%

Silver

27.17

-0.5%

Brent Crude

88.42

+1.6%

Top 40

68,574

+0.8%

All Share

74,514

+0.7%

Resource 10

60,444

+1.4%

Industrial 25

104,013

+1.2%

Financial 15

15,837

-0.4%

All JSE data delayed by at least 15 minutes

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