• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

Rand cut morning losses to trade flat

Aug 16 2012 16:57 I-Net Bridge

Related Articles

Rand weaker on the back of euro

Rand softer‚ ignores buoyant retail sales

 
Johannesburg – The rand was off its worst levels in the afternoon session‚ with analysts attributing the day’s recovery in the rand/US dollar to worse-than-anticipated US housing data‚ which kept hopes alive of more monetary easing from the US Federal Reserve.

At 16:09 local time the rand was bid at R8.2238 to the dollar from Wednesday’s close of R8.2140. It was trading at R10.1321 to the euro from its previous close of R10.0884 and at R12.9275 against sterling from R12.8809 before.

The euro was bid at $1.2329 from $1.2281.

US home building slipped in July after a strong gain in June while new permits rose to their highest level in four years‚ Dow Jones Newswires reported.

Housing starts decreased 1.1% last month from June to a seasonally adjusted annual rate of 746 000‚ the Commerce Department said on Thursday. Compared with a year ago‚ new construction was up 21.5%. The results were weaker than forecast.

 
rand  |  market  |  jse

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

Exciting new luxury SUV arrives in SA!
WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...