All data is delayed
See More

Rand stronger on global sentiment

Jan 25 2013 11:59
I-Net Bridge
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



Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

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

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote