• Criminal to ignore

    Not acting on climate change is a crime against all life, says Mandi Smallhorne.

  • Grain pain

    Corn crops could break records this year, but for farmers the bounty has a dark side.

  • Node joins TV revolution

    The movie-on-demand business has a new contender, says Arthur Goldstuck.

Loading...
See More

Rand slips before G20

Feb 15 2013 13:23 I-Net Bridge
Rands

(picture: Shutterstock) (Shutterstock)

Related Articles

Rand nears one-month high

Rand tracks euro weaker

Rand steady before state of nation speech

Rand remains range bound at midday

Rand back in a range after R9 support

Rand stuck in two-week range vs dollar

 
Johannesburg - The rand slipped in quiet midday trade on Friday as traders squared off positions before the Group of 20 (G20) statement on Saturday.

At 12:45‚ the rand was bid at R8.8050/$ from Thursday’s close of R8.7788. The local currency was bid at R11.7393/€ from its previous close of R11.7191 and at R13.6428 against sterling from R13.5831 before. The euro was bid at $1.3330 from $1.3350 at Thursday’s close.

“The rand is following the euro weaker as jitters re-emerge about what the G20 will say‚” a local foreign exchange dealer said.

Dow Jones Newswires reported that the G20 leading economies will pledge to ensure that their monetary policy actions are focused on price stability and growth‚ rather than weakening their currencies‚ according to the draft of a statement they intend to release on Saturday.

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

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 

Money Clinic

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