The Rand was closing in on fresh lows against the Pound and Dollar Wednesday as risk aversion returned to global markets but some analysts are saying the sell-off may now be overdone while others a…
Read more … →
The Rand's recent recovery unwound further on Tuesday after the South African Reserve Bank (SARB) surprised the market with a large cut to the cash rate to counter the effect of a national coronavi…
Read more … →
The Rand has recovered handsomely this week but faces a reckoning with a month-end exclusion from the FTSE World Government Bond Index that could play out just as the South African coronavirus epid…
Read more … →
The South African Rand shed further purchasing power at the start of the new week, with market attention remaining fixed on the economic fallout from the global coronavirus pandemic which is expect…
Read more … →
The South African Rand has stabilised this week after Friday's credit rating downgrade from Moody's, although with a domestic coronavirus outbreak seen weighing on the already-bruised economy for m…
Read more … →
The Rand suffered heavy losses ahead of the weekend but it could be buffeted by a further wave of selling early in the new week as investors respond to Moody's decision to cut South Africa's credit…
Read more … →
The South African Rand could be relatively immune to a downgrade from Moody's later on Friday, as the event has been well signposted to market participants and is therefore likely already absorbed …
Read more … →
The Rand was buffeted again on Thursday amid fresh volatility in risk markets, enabling the Pound-to-Rand rate to climb above a key level on the charts, ahead of Moody's latest credit rating decisi…
Read more … →
The Rand is now forecast to languish near record lows until at least mid-year, according to new downgraded projections from Commerzbank, as South Africans grapple with a coronavirus-induced lockdow…
Read more … →