Rand slips despite end to metals strike

2014-07-29 09:17

The rand is expected to be volatile this week as markets look ahead to the release of a number of economic indicators.

Rand firms after end to metals strike

2014-07-28 18:02

The rand has firmed against the dollar after Numsa said its striking members had accepted a wage offer to end a four-week stoppage in the metals sector.

Rand steady, could soften on trade data

2014-07-28 10:18

The rand was flat against the dollar in early trade, with the risk of weakening during the week if domestic trade data shows a widening deficit.

Rand breaks R10.50 barrier

2014-07-24 18:33

The rand convincingly broke through the R10.50 per dollar resistance, buoyed by euro gains and the possibility of an end to a three-week metal workers' strike.

European stock markets extend gains.

2014-07-23 17:38

European stock markets have ended slightly higher, building on the previous day's gains and following a positive lead from Wall Street.

Rand on firmer ground, market awaits inflation

2014-07-23 10:17

The rand has traded firmer against the dollar, touching fresh four-week highs as emerging market currencies continue to benefit from US inflation data.

Rand on steady footing after US inflation

2014-07-22 18:30

The rand has firmed against the dollar, taking impetus from benign US inflation numbers and reports that striking metalworkers were mulling a new wage deal.

Rand holds its own despite global tensions

2014-07-22 09:58

The rand has traded virtually unchanged, with market watchers expecting the currency to stay in narrow ranges given a lack of significant news.

European markets dip due to geopolitics

2014-07-21 15:34

Europe's main stock markets have started the week in negative territory as cautious investors tracked geopolitical developments in Ukraine and the Middle East.

Rand holds onto post rate-hike gains

2014-07-21 09:39

The rand has held steady against the dollar, starting the week with a firmer tone after the Sarb raised interest rates and global risk aversion abated.

Rand, bonds firmer in post-MPC glow

2014-07-18 18:27

The rand has recovered its footing against the dollar, shaking off the bout of risk aversion triggered by the downing of a Malaysian plane in Ukraine.

Rand reverses gains on Ukraine tensions

2014-07-17 19:15

The rand has weakened against the dollar as news that a Malaysian plane has been shot down in Ukraine heightened geopolitical tensions.

Sterling down against dollar after weak data

2014-07-16 17:25

Sterling has slipped against the dollar as soft British wage data failed to add to signs of growing demand-led pressure on prices after a jump in inflation in June.

Rand eases as strike talks stall

2014-07-15 18:11

The rand has eased against the dollar as prospects for an end to a strike in the metals sector dimmed, with employers withdrawing a final wage offer.

Rand flat as metal strike grinds on

2014-07-14 18:25

The rand traded sideways against the dollar, shrugging off a rejection by striking metal workers of the latest wage offer from employers.

Rand weakens as strikers reject wage deal

2014-07-11 09:46

The rand has extended losses after reports that the National Union of Metalworkers of South Africa has rebuffed the latest wage offer.

Rand softer ahead of mining, factory data

2014-07-10 09:12

The rand has traded a touch softer against the dollar, ahead of mining and manufacturing output data, to illustrate the impact of wage strikes on the economy.

Rand firms slightly on strike resolution hopes

2014-07-08 18:11

The rand has strengthened nearly 1% against the dollar, outperforming 24 emerging market peers amid hopes that the Numsa strike will end soon.

Rand under pressure from wage strikes

2014-07-07 09:55

The rand has hovered near its previous close against the dollar and could weaken as investors worry about the impact of labour unrest on the fragile economy.

Rand remains on back foot as strike continues

2014-07-03 10:18

The rand has inched weaker against the dollar as an ongoing work stoppage in the engineering and metal sector continued to weigh on investor sentiment.

Numsa strike weighs on rand

2014-07-02 09:40

The rand has edged down against the dollar as the national engineering strike entered its second day, weighing on investor sentiment.

Rand takes Numsa strike in its stride

2014-07-01 10:35

The rand has been little changed and is seen in a tight range as a nationwide strike by union Numsa gets under way, the latest blow to SA's battered economy.

Rand holds steady before trade data

2014-06-30 09:34

The rand has been firm against a soft dollar, but the unit will likely trade sideways ahead of key trade data.

Rand rallies as US data hits dollar

2014-06-26 09:53

The rand has been firmer against the dollar, taking advantage of a weaker US currency pummelled by data indicating the world's largest economy shrank.

Rand flat as Iraq fears cap optimism

2014-06-25 09:50

The rand has been flat against the dollar as heightened tensions in Iraq tempered optimism about platinum miners returning to work after a five-month strike.


European stock markets strike mixed note

2014-07-28 18:41

Europe's stock markets have closed mixed, starting the week on a tepid note as traders weighed a raft of corporate news.

European shares dip early

2014-07-28 13:00

European stocks have reversed early gains, adding to the previous session's losses, with Germany's Wincor Nixdorf sinking after it lashed its sales forecast.

Rand steady as market awaits strike talks news

2014-07-25 09:59

The rand has held steady against the dollar, with investors waiting to see if striking metal workers will accept a wage deal from employers.

Rand surges against dollar

2014-07-24 09:37

The rand has edged weaker against the dollar after climbing to a two-month high, propelled by inflation data that came in below market forecasts.

UK regulator prosecutes currency trader

2014-07-23 12:15

Britain's financial regulator has begun a criminal prosecution against a currency trader for alleged offences relating to an unauthorised investment scheme.

Euro at multi-year lows against dollar, yen

2014-07-23 08:45

The euro has touched multi-month lows against the dollar and yen as investors fret about the impact of possible fresh sanctions against Russia.

European shares rebound

2014-07-22 12:39

European stocks have rebounded after hopes that rebels' decision to hand over the black boxes from the downed Malaysian plane would ease political tensions.

Asian shares rise as Ukraine fears ease

2014-07-22 08:33

Asian markets have picked up with traders welcoming news that pro-Russian rebels have handed over the black boxes from downed flight MH17.

Asian shares mixed after MH17 losses

2014-07-21 15:31

Asian markets have been mixed as bargain-hunting was offset by lingering geopolitical concerns after the downing of a Malaysian airliner in Ukraine.

Nigeria to hold rates - poll

2014-07-20 12:27

Nigeria's central bank will leave interest rates unchanged as it tries to balance controlling inflation and supporting the naira, according to a poll.

Rand remains fragile

2014-07-18 10:28

The rand has pulled back from a week low against the dollar after news of a Malaysian airplane being shot down over Ukraine pushed the currency lower.

Rand flat ahead of rates decision

2014-07-17 10:14

The rand has largely been flat against the dollar ahead of a decision by the SA Reserve Bank on interest rates later in the session.

Rand slips as hopes to end metals strike fade

2014-07-16 09:51

The rand has weakened against the dollar as a strike by 220 000 workers in the metals sector entered its third week and looked unlikely to be resolved soon.

Global watchdog tells banks to clean up

2014-07-15 15:21

The world's top financial regulator has urged deep-rooted change to how currency benchmarks are set, encouraging market players to tighten up their governance.

Rand weaker as strike drags on

2014-07-14 10:18

The rand has traded weaker as a strike by metalworkers continues, but the unit also faces risk from numerous upcoming central bank events.

Rand eases as manufacturing, mining contract

2014-07-10 18:15

The rand is softer after data showed manufacturing output had slowed more than double what economists had predicted.

Rand holds steady versus dollar

2014-07-09 09:46

The rand has held firm against the dollar, building on the near 1% gains achieved amid hopes of an imminent end to an engineering sector strike.

Rand strengthens as strike fears ease

2014-07-08 09:54

The rand has ticked up amid hopes that a strike by more than 200 000 metal and engineering workers might end soon.

Rand rebounds, metal strike enters fourth day

2014-07-04 09:28

The rand has steadied, pulling back from losses that saw the currency fall to two-week lows against the dollar, undermined by a national strike.

Celebrating freedom with new R5 coin

2014-07-02 10:28

The Reserve Bank has launched a new R5 coin to celebrate 20 years of democracy and answers a Fin24 user's query why pre-2004 R5 coins are still in circulation.

Dollar gains in Asia on stocks rally

2014-07-02 09:08

The dollar has risen against the yen and euro in Asia, boosted by upbeat sentiment, but it is still at more than five-and-a-half-year lows against the pound.

More rand pressure 'for sure'

2014-06-30 18:08

The rand has faltered against the dollar as investors braced for new labour unrest only a week after producers and miners finally reached an agreement.

Rand reverses some strike-linked losses

2014-06-27 10:15

The rand has firmed slightly, reversing recent losses after hitting a week low in the previous session on news of Numsa's plan to go on strike.

Rand recovers against dollar

2014-06-25 18:57

The rand has firmed against the dollar, buoyed by broader weakness in the US currency and by the return to work of platinum miners after a five-month strike.

Rand holds gains as platinum strike ends

2014-06-24 09:48

The rand has remained firm after hitting two-week highs in the previous session as relief swept the market after SA's longest strike ended.

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