The rand’s losing streak continues, as global-growth concerns push the dollar to a two-year high against a basket of major currencies
The rand was weaker against major global currencies on Thursday afternoon, having now spent more than a week steadily losing ground against the dollar.
Global-growth fears in general were subduing activity on Thursday, with market focus on Friday’s release of US GDP data for the fourth quarter. Despite this, the rand was only the fourth-worst performing emerging-market currency on Thursday, according to Bloomberg data.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rand slips as oil price risesThe rand was softer against major global currencies on Tuesday afternoon, faring worst against the pound amid an air of caution in global markets.
Read more »
Rand slips on stronger dollar, stocks up
Read more »
Rand slips as oil price risesA rising oil price dents global sentiment a little, while the rand is also under pressure after Eskom’s bailout
Read more »
Rand slips amid pressure on emerging-market currenciesThe dollar has firmed as a result of disappointing eurozone data, but the rand has avoided the losses of some of its emerging-market peers
Read more »
Rand slips as oil price risesA rising oil price dents global sentiment a little, while the rand is also under pressure after Eskom’s bailout
Read more »
SA’s petrol pain set to worsen as rand hits lowest point since MarchAnother hike is predicted to see petrol rise by 51 cents a litre and diesel by five cents.
Read more »
There was a time I couldn't tell people to vote ANC, says MbekiFormer President Thabo Mbeki is being guided by Gauteng Premier David Makhura and his team on Tuesday.
Read more »
Rand remains on losing streak in risk-off tradeConcern about Eskom weighs on the local currency, while strong US corporate earnings reports lift the dollar
Read more »
Rand weakens as consumer confidence declines, stocks downAt 1500 GMT the rand traded at 14.40 to the dollar, a 1.03% retreat from its New York close on Tuesday.
Read more »
SAMANTHA ENSLIN-PAYNE: Penalties and free kicks await broadcasters in new TV plansIcasa's report says MultiChoice has 'significant market power on the basis of high market shares and the nature of its vertical integration'.
Read more »
Rand remains under pressure amid global growth concernsThe local currency looks set to extend its losing streak on Thursday, as risk assets feel the squeeze
Read more »