The rand traded under R12 against the dollar Wednesday for the first time since May 2015. Dawie Roodt, chief economist at the Efficient Group, says it is outstanding news for the country and has several benefits. The rand improved to R11,95 last morning. Roodt says there are three main reasons for this. “Investors’ confidence against..
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Rand now strongest in two years – Let see how long this surge will continue
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Rand turbo-boosted in the wake of Ramaphosa win
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The Rand enjoyed broad stability for most of last week and in fact gained on all of the G10 currencies leading up to the ANC elective conference over the weekend. The Ramaphosa result helped it kick on from Monday. The rally was aided in part by a weaker US Dollar, although it advanced far further..
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Rand nears R13/$ and hits R20/£ despite claims it is stabilising…
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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
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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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