Data provided by McGregor BFA
All data is delayed
Loading...
See More

Rand weaker‚ eyes US data

Dec 07 2012 13:09 I-Net Bridge
Rand notes

(Picture: Shutterstock )

Related Articles

Rand weakens in correction vs dollar

Rand weaker ahead of US jobs data

Rand slides further on weak US jobs data

Rand weaker on risk aversion

Rand reacts to rate rumours

Rand eases ahead of data

 
Johannesburg – The rand weakened before noon on Friday as currency traders eyed US nonfarm payroll data for direction.

“Yesterday the rand traded in a very strong range due to the current account data. Today we saw the rand under pressure ahead of US nonfarm payrolls and unemployment figures out later tonight‚” Vunani Private Clients global market analyst Kuziva Muganiwa said.

At 11:38‚ the rand was bid at R8.6982/$ from Thursday’s close of R8.6886. The local currency was bid at R11.2435/€ from its previous close of R11.2608 and at R13.9320 against sterling from R13.9342 before.

The euro was bid at $1.2935 from Thursday’s close of $1.2960.

“Other supporting info on the rand like the purchasing of bonds have not had an impact on the local currency. The rand is vulnerable to levels of liquidity‚” Muganiwa said.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

rand  |  markets  |  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
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

'Zuma's legacy will be judged by Nkandla'

The legacy of President Jacob Zuma is contingent on how he deals with the issue of upgrades to his Nkandla homestead, says Cape Town Archbishop Thabo Makgoba.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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