Despite recent rand weakness against the US dollar, the average exchange rate against the US currency is favourable and fuel prices in the country are expected to decrease significantly when adjusted next week. The Automobile Association…
The rand weakened to within a hair’s breadth of the symbolic R14/$‚ putting it on track for its worst quarterly performance since 2011. The rand has been a casualty in the trade spat between the US and China‚ which has brought uncertainty…
The rand was almost 2% weaker against the dollar on Tuesday morning‚ as the trade spat between the US and China escalated‚ casting a shadow over the global economic outlook. The latest slide took the rand dangerously close to R14/$ —…
The rand was marginally firmer against major global currencies on Wednesday afternoon‚ gaining most against the pound‚ after positive retail sales and inflation figures provided a boost to sentiment. Earlier‚ consumer inflation moderated…
The rand held broadly steady on Friday morning‚ as the dollar weakened further. The greenback lost ground against a basket of currencies‚ providing the rand with the chance to potentially test fresh multiyear highs. US President Donald…
