Loading...
See More

Rand weaker on thin trade conditions

Jan 10 2013 12:27 I-Net Bridge

(Supplied)

Related Articles

Rand weaker, bonds find support

Rand steady but labour worries remain

Rand weakens on thin trade‚ eyes MPC

Rand weakens on continued unrest

Rand weakens on dollar strength

Rand softer on weaker euro

 
Johannesburg - The rand weakened against the US dollar before noon on Thursday as thin trading volumes weighed on the local currency.

“We are still experiencing very thin trading conditions and there is no new news out at the moment which could push the rand in any direction. Normal trading volumes should return next week‚” said Mark Kalkwarf‚ a senior portfolio manager from the Iquad Group.

At 11:39‚ the rand was bid at R8.6094/$ from its previous close of R8.5999/$ on Wednesday. The local currency was bid at R11.2450/€ from its previous close of R11.2201/€ and at R13.7961 against sterling from R13.7621 before.

The euro was bid at $1.3070 from its overnight close of $1.3053.

“The current unrest in the farming sector in the Western Cape has been offset by positive economic data from Germany‚ the eurozone’s biggest economy‚” Kalkwarf 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

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

3 sports games you have to watch this weekend

Whether it’s date night or a braai with buddies, plan around these three exciting sporting games!

 
 

Men24.com

Everyday struggles of naturally skinny guys
And this year's Miss Bumbum title goes to...
How to maintain your mo, bro
Hottie of the day: Colette

Money Clinic

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