Dour earnings season and concerns about a potential recession have investors selling as the Dollar nears eight-month low ahead of central bank meetings.

The rand had a relatively poor performance last week, which can be partially attributed to local uncertainty in the banking sector.

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 rand had a mixed week, strengthening against nine of the top 19 currencies Sable International monitors.

Last week, the rand had a mixed performance, which saw it strengthening against 12 of the 19 currencies we monitor.

The rand weakened past R18 per dollar for the first time since May 2020 – and is the third-worst performer for September to date.

The rand weakened past R18 per dollar for the first time since May 2020, as President Cyril Ramaphosa offered a grim warning.

The South African rand strengthened this week, gaining ground against 14 of the top 19 currencies that 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 emerging-market rand encountered some recent headwinds, amid heightened market volatility and continued US Dollar strength.

The rand took another hit last week, weakening against 16 of the top 19 currency pairs.

The rand experienced a tremendous pullback during the trading rounds of last week.

We have excluded the Russian Ruble from the analysis in our rand report due to the extreme volatility associated with the currency.

We have excluded the Russian Ruble from the analysis in our rand report due to the extreme volatility associated with the currency.

We have excluded the Russian Ruble from the analysis in our rand report due to the extreme volatility associated with the currency.

We have excluded the Russian Ruble from the analysis in our rand report due to the extreme volatility associated with the currency.

The rand remained well supported in the markets last week, despite the rising potential for European warfare.

This week, the rand was on the back foot again as hawkish monetary policy returns to major markets and loadshedding is reintroduced.

The recent economic data coming out of South Africa signalled continued signs of positive economic activity, with November’s retail sales growth reported at 3.3% (year-on-year).

Last week saw the rand strengthen by 1.5% against the greenback and by 0.7% against the Pound.

Positive data from China usually means an increase in demand for emerging market assets and an improved risk sentiment.

The rand strengthened this past week after experiencing significant headwinds the week before.

The Rand has depreciated drastically over the past week, with movements to the downside against 17 of the top 20 currencies.

The rand lost hold of its previous gains in the forex market last week, with no notable data catalyst poised to give the markets much direction.