• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Rand fairly quiet‚ awaits MPC decision

Jan 22 2013 13:10 I- Net Bridge
Rands

(File) (Shutterstock)

Related Articles

Rand firms but reprieve may not last

Bonds drift weaker on rand

Rand seen weaker on mining sector fears

Weaker rand weighs on bond market

Rand weakens on farmworker strikes

Rand flat ahead of MPC announcement

 
Johannesburg – The rand remained on the sidelines at midday on Tuesday‚ in anticipation of CPI figures to be released on Wednesday and the MPC announcement on Thursday.

“The rand is a bit tossed and turned today. Markets are waiting on the data due throughout the rest of the week‚” said Ockert van Niekerk‚ head of trading at PSG.

At 11:37‚ the rand was bid at R8.8382/$ from R8.8559 at Monday’s close. The local currency was bid at R11.7500/€ from its previous close of R11.7830 and at R13.9712 against sterling from R14.0153 before.

The euro was bid at $1.3295 from Monday’s close of $1.3309.

“Gwede Mantashe also spoke this morning and made a couple of loose comments about mines which the markets interpreted as negative and quickly dropped after having recovered slightly‚” said Van Niekerk. 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

rand  |  currencies
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

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

The rich will pay - Mpofu

The EFF in Gauteng will focus all its energy on improving the lives of the poor, the party's premier candidate Dali Mpofu says.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

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