• A burning issue

    The Knysna fires have shown that SA needs to be fire-aware and wary, says Mandi Smallhorne.

  • True economic freedom

    Harping on inequality and repressive rich people deflects attention from the real issues, say analysts.

  • Terry Bell's Inside Labour

    A winter of discontent looms as public sector unions gear up for pay and benefit talks.

All data is delayed
Loading...
See More

Rand fairly quiet‚ awaits MPC decision

Jan 22 2013 13:10
I- Net Bridge
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
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

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

Voting Booth

WhatsApp group admins in SA could face jail time their jobs

Previous results · Suggest a vote

Loading...