Rand nears R13/$ and hits R20/£ despite claims it is stabilising…

The rand came within a few cents of the R13/$ level in the late afternoon on Tuesday as US housing data indicated a stronger US economy‚ further supporting the case for a rate hike in the world’s largest economy this year. The dollar gained against the euro in response to the data‚ which sent emerging […]
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South African Rand (ZAR) Is Heading For R22.50 Against The Dollar

A leading economist has painted a bleak picture for the local currency, the rand, against a surging US dollar. Cees Bruggemans, consultant economist at Bruggemans & Associates noted in a blog on his website that the rising dollar reached, on trade-weighted basis, a 20-yr low four years ago, but took three years to rise 6%, […]
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