Data provided by iNet BFA
Loading...
See More

Rand stronger on global sentiment

Jan 25 2013 11:59 I-Net Bridge
Rands

(File) (Shutterstock)

Related Articles

Rand remains within R9/$ range

Rand stable ahead of MPC announcement

Rand hits 4-year low as investors shun SA

Rand-hedge stocks boost JSE

Rand edges lower on CPI data

Marcus worries about rand

 
Johannesburg – The rand was stronger in late morning trade on Friday on improved global sentiment‚ and a strengthening euro.

“There was no major market news today. It was perhaps aided by slightly better global sentiment‚” said a local currency dealer.

At 11:27‚ the rand was bid at R9.0042/$ from R9.0686/$ at Thursday’s close. The local currency was bid at R12.0920/€ from its previous close of R12.1190/€ and at R14.2248 against sterling from R14.3007 before.

The euro was bid at $1.3435 from Thursday’s close of $1.3367.

“There will be people who want to buy at this level‚ but the weakening trend is still in tact‚” he said.

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

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.
 
 

Passive investment for retirement

The use of passive investment products, like Exchange Traded Funds, to deliver low-cost investment performance is taking off.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

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