The rand strengthened by more than 2% against the dollar after Cyril Ramaphosa secured a second term as ANC president.
The South African GDP growth rate came in at 1.6% in Q3, exceeding the anticipated reading of 0.6%. This comes after the 0.7% contraction in GDP during Q2.
The South African Q3 unemployment rate was released last week. Unemployment came in at 32.9%, down from the 33.9% reading in the previous quarter.
Last week, the rand had a relatively uneventful trading week and the market was left without a definitive direction.
The South African rand had a mixed week, strengthening against nine of the top 19 currencies Sable International monitors.
Last week, the rand had a phenomenal week, with the currency strengthening against all but one of the currencies we monitor.
Last week, the rand had a mixed performance, which saw it strengthening against 12 of the 19 currencies we monitor.
The South African Rand had a mixed week in the forex markets. A shift towards “risk-on” investment has provided the Rand with some buoyancy.
The Rand is taking a battering on the global stage, and it’s recent display against the US Dollar has been pitiful – so what’s gone wrong?
The South African rand had a tough round in the forex markets last week. Most emerging-market currencies ended the week in the red.
The rand had a mixed performance last week. The temporary slowdown of loadshedding, allowed it to marginally recover from its recent lows.
Last week, the South African rand had a mixed week as it strengthened against 13 of the top 19 currencies we monitor.
The South African rand had another dismal week as it continues to weaken against most of the major currencies we monitor.
The rand experienced some significant fluctuation last week, as the market flipped back-and-forth on global sentiment.
Last week, the South African rand had a tough trading week as it weakened against 17 of the 19 currencies we monitor.
Last week, the South African rand initially weakened but ended in the green and strengthened against 16 of the 19 currencies we monitor.
The South African rand had a terrible week last week, and lost value against all the currencies we monitor.
The South African rand had a stellar week last week, as it appreciated against all the currencies we monitor.
The South African rand broke its positive streak, losing value against all but two of the currencies we monitor.
Last week, the rand performed incredibly well due to the South African interest rates which increased unexpectedly.
Last week, the USD/ZAR pair moved 1.19% higher. The rand opened at R16.87, tested R17.30 and closed at R17.06 on Friday.
The rand continued to weaken last week, with the currency losing ground against all but one of the 19 major currencies.
The rand had a terrible trading week after Eskom plunged the country into darkness with stage 6 loadshedding.
After spending the last two weeks in the red, the rand had a stellar trading week, gaining ground against 17 of the top 19 currency pairs.
This week, due to the recent central bank activity, the ZAR ended in the red again against all major developed-market rivals.