Publications
Partners
Johannesburg – The rand was slightly weaker in late trade on Monday as traders eyed details of the ECB’s (European Central Bank) conditional bond-buying programme for direction.
At 15:56 local time‚ the rand was bid at R8.2049 to the dollar from R8.1978 at Friday’s close. It was bid at R10.7871 to the euro from its previous close of R10.8030 and at R13.3259 against sterling from R13.3682 before.
The euro was bid at $1.3148 from $1.3115 at Friday’s close.
“Today we saw some weakness come into the markets - generally the dollar index was down. I think this was based on news out of the US last week‚ and brought a fair bit of risk into the market. The rand is also influenced by domestic concerns such as the mining unrest in the platinum sector‚” said Lynden Reabow‚ FX trader at PSG Prime.
At 15:56 local time‚ the rand was bid at R8.2049 to the dollar from R8.1978 at Friday’s close. It was bid at R10.7871 to the euro from its previous close of R10.8030 and at R13.3259 against sterling from R13.3682 before.
The euro was bid at $1.3148 from $1.3115 at Friday’s close.
“Today we saw some weakness come into the markets - generally the dollar index was down. I think this was based on news out of the US last week‚ and brought a fair bit of risk into the market. The rand is also influenced by domestic concerns such as the mining unrest in the platinum sector‚” said Lynden Reabow‚ FX trader at PSG Prime.
