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Currencies

Currencies

Rand gains by more than 1% after US delays some China tariffs

Aug 13 2019 16:40

The rand recouped earlier losses to strengthen against the dollar after the Trump administration announced it would delay imposing a 10% tariff on some Chinese products.

Currencies

Rand falls by over 1% against the dollar, has 'nowhere to hide'

Aug 12 2019 11:52

A combination of global risk-off sentiment caused by the US/China trade war and local concerns around Eskom have battered the local currency, say analysts.

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Currencies

One currency is missing out on the EM rebound. You guessed it... it's the rand

Aug 08 2019 17:05

The rand is missing out on the emerging market rebound. While MSCI’s gauge for developing-nation currencies is up 0.2%, with 17 out of 24 major peers gaining against the dollar, the South African currency is poised for an eighth day of losses, the longest streak in two years.

Currencies

US labels China a currency manipulator, escalating trade war

Aug 06 2019 08:14

The Trump administration has formally labelled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation for new US tariffs.

Currencies

Rand weakens to R15/$ following Trump remarks

Aug 07 2019 15:15

The rand weakened to R15.11 on Wednesday afternoon. This follows days of volatility on the back of Moody's recent remarks on Eskom and the escalating US/China Trade War.

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