Stories tagged “South African Rand.”
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South African rand strengthens despite business conditions drop
The South African rand gained ground on Tuesday as emerging market currencies rose, even as new central bank data showed business conditions in the country declined for the third month in a row.
South African rand holds steady amid Mideast tensions
The South African rand showed little movement on Tuesday as heightened Middle East tensions and declining gold prices weighed on the currency before the release of domestic inflation figures scheduled for Wednesday.
South African rand strengthens as oil prices decline
The South African rand gained ground on Tuesday as falling oil prices provided support, while traders looked ahead to upcoming U.S. labor market data that could influence Federal Reserve policy decisions.
South African rand rises despite weaker manufacturing sentiment
The South African rand strengthened on Monday despite a local manufacturing survey indicating weaker sentiment in July. The currency traded at 16.52 against the dollar, gaining 0.3% from its previous close, as of 1430 GMT.
South African rand rises as US inflation data weakens dollar
The South African rand strengthened against the US dollar on Tuesday after US consumer inflation data came in below expectations for June, reducing the likelihood of a Federal Reserve interest rate increase this year.
South African rand gains as gold prices climb
The South African rand strengthened on Thursday as gold prices rose, even as new data revealed a larger-than-expected decline in the country’s manufacturing output. The rand traded at 16.32 against the dollar at 1524 GMT, marking a gain of about 0.6% from its previous close.