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…
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The Rand was on the back foot again Thursday ahead of a South African Reserve Bank (SARB) interest rate decision that's expected to see the cash rate cut by a large 50 basis points, and some analys…
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The Rand suffered heavy losses Wednesday and already hit a new record low against the Dollar, according to some data vendors, as the exodus of capital from emerging market economies continued altho…
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The Rand steadied near to multi-year lows against the Pound and Dollar Tuesday as hopes of a global fiscal stimulus appeared to mount, but increased government spending in the world’s major economi…
Read more … →The Rand crumbled again Friday, enabling the Pound-to-Rand rate to hit a new post-referendum high after establishing itself comfortably above the 20.0 handle, as risk markets went into meltdown mod…
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One of the world's worst performing currency of the past month has been the South African Rand, and a potential series of interest rate cuts at the South African Reserve Bank could ensure that down…
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South Africa's Rand rose across the board Wednesday, helping reverse almost all of last week's increase in the Pound-to-Rand rate while weakness in the British currency also weighed on the exchange…
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The Rand fell to its lowest level against the Pound since the Brexit referendum on Friday and hit multi-year lows against the Dollar on a toxic combination of coronavirus and credit rating concerns…
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South Africa's Rand swept higher on Wednesday after reversing earlier losses in response to Finance Minister Tito Mboweni's eagerly-awaited budget, which appears to have been warmly received invest…
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