After two months of robust performance, the South African rand experienced a sharp reversal, weakening against all monitored currencies.
The rand’s recent strength can be attributed partly to the potential final interest rate hike in the US, which has led to a weakened US Dollar
The South African rand ended last week in the green, recovering from recent headwinds as risk sentiment turned away from safe-haven assets.
Last week, the South African Rand weakened against 14 of the top 19 currencies we monitor. More details in this week’s Rand Report
The South African rand ended up with the short end of the stick, with the rand testing all-time lows against many major currency counterparts
The South African rand strengthened against all 19 currencies we monitor. Recent rand gains can be attributed to a few factors. Find out more
The South African rand strengthened against all the top 19 currencies we monitor in this past week. More in this week’s Rand Report.
The South African rand has been spiraling lately, recording all-time lows against major currencies. More in this weekly rand report
The South African rand had yet another week of losses in the forex market, with investor outlook suppressing the emerging market currency.
The South African rand, last week, faced challenges and failed to recoup. Load shedding concerns continue to cast a shadow over the rand.
The South African rand remains under pressure, courtesy of local economic concern. Its recent weakness can be due to the power supply crisis.
Last week, the absence of significant South African data left the rand without a definitive local catalyst. More in the following report
The South African rand remained on the backfoot last week. A bleak local economic outlook, coupled with broader market risk-off sentiment.
The South African rand also only experienced small price changes. The USD/ZAR pair moved 0.10% higher, ending the week at R18.10
The South African rand strengthened against 18 of the top 19 currencies we monitor. The strong performance was not unexpected.
The recent rand recovery added against major currency counterparts. This appears to be a result of a correction in overshooting price action.
The Rand had yet another tough time in the forex markets last week, as local conditions continue to pressure the emerging-market currency.