• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

Rand tracks euro weaker

Feb 14 2013 12:58
I-Net Bridge
Johannesburg - The rand tracked a weakening euro just after noon on Thursday. The latter softened against the dollar following disappointing GDP figures out of Germany and other European countries this morning.

“The worse than expected local mining production figures this morning did not really have an affect on the rand. No local news attributed to the softer rand. It is the stronger dollar against the euro that pushed our local currency down‚” a local trader said.

At 12:21 the rand was bid at R8.8892/$ from Wednesday’s close of R8.8591 and Tuesday’s close of R8.9032. 

The local currency was bid at R11.8437/€ from its previous close of R11.9101 and at R13.7679 against sterling from R13.7519 before. 

The euro was bid at $1.3322 from $1.3444 at Wednesday’s close and $1.3451 at Tuesday’s close.

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

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

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...