• Inside Labour

    Away with empty rhetoric and slogans - labour needs to focus on real issues, says Terry Bell.

  • Wrap-up: Davos insights

    Alec Hogg speaks about the top three issues at this year's World Economic Forum.

  • Netflix and SA video

    Much of Netflix's potential impact on SA has already been made, says Arthur Goldstuck.

Loading...
See More

Rand flat at midday

Sep 26 2012 12:35 I-Net Bridge

Related Articles

Rand rallies on world index talk

Rand steady, eyes world bond index debut

Rand strengthens in anticipation of WGBI

 
Johannesburg – The rand was fairly flat in midday trade on Wednesday‚ after gaining over 1% on Tuesday.

“It’s coming back as it has been out of sync with of the euro due to the inclusion of SA in the World Government Bond Index (WGBI)‚ which is set to start on Monday‚” said Mark Kalkwarf‚ a senior portfolio manager from the Iquad Group.

At 11:25 local time‚ the rand was bid at R8.2109 to the dollar from R8.2171 at Tuesday’s close. It was bid at R10.5720 to the euro from its previous close of R10.6126 and at R13.2861 against sterling from R13.3153 before.

The euro was bid at $1.2875 from $1.2899 at Tuesday’s close.

“The rand’s weaker performance this morning was due to the euro losing ground against the dollar‚” Kalkwarf said.
 
rand  |  market  |  jse

NEXT ON FIN24X

 

Latest Articles

Fun and inexpensive things to do with the kids Read More...
8 simple ways to earn extra money Read More...
6 motivational tips to help you save this year Read More...
Invest for Income Read More...
 
 

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

Money Clinic

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