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Rand sheds further value

Johannesburg - The rand shed further value in late afternoon trade‚ as rumours continued to drive a volatile market.

“Today has been an extremely volatile day in the market with wild gyrations depending on the headlines we see‚” said Jim Bryson a currency trader at RMB.

“The rand appears to be settling into ranges‚ and movements seem to be tied in with the Aussie dollar‚ but overall this remains a very rumour-driven market.”

At 18:00 the rand was bid at R9.9630/$ from Thursday’s close of R9.8279/$ and Wednesday’s close of R10.0731/$.

The local currency was bid at R13.2723/€ from its previous close of R13.1422/€ and was at R15.6237 against sterling from R15.4423 at its previous close.

The euro was bid at $1.3321 from $1.3366 at Thursday’s close.


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Rand - Dollar
18.94
-0.2%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
910.50
+1.5%
Palladium
1,011.50
+1.0%
Gold
2,221.35
+1.2%
Silver
24.87
+0.9%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
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