Data provided by iNet BFA
Loading...
See More

Rand strengthens on Chinese optimism

Dec 05 2012 16:45 I-Net Bridge

Related Articles

Rand reacts to rate rumours

Rand nudges up in technical correction

Rand steady as Zuma nears re-election

Rand remains strong on firm euro

Good PMI boosts rand

Rand expected to weaken further

 
Johannesburg – The rand strengthened on Wednesday afternoon after comments from China spurred optimism of potentially higher economic growth in the world’s second-biggest economy.

“The rand is stronger today on stronger commodity prices caused by comments made in China about targeting policies to improve economic growth in the country‚” said Viv Govender‚ a market analyst at Vunani Capital.

At 15:45‚ the rand was bid at R8.7758/$ from Tuesday’s close of R8.7856. The local currency was bid at R11.4578/€ from its previous close of R11.5021 and at R14.1187 against sterling from R14.1374 before.

The euro was bid at $1.3068 from Tuesday’s close of $1.3098.
rand  |  dollar  |  euro  |  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

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No more nice-to-have shopping sprees

Fin24 user Asia writes how she managed to rehabilitate herself from splurging on feel-good items and keep clean from the bondage of lifestyle debt.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

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