Rand heads for month-low as Gordhan probe deepens

2016-08-25 17:40

The rand has weakened against the dollar as a statement by President Jacob Zuma failed to allay market concern about the future of Finance Minister Pravin Gordhan.

Rand takes beating as Gordhan drama deepens

2016-08-24 18:28

On a day dominated by the continued unfolding of the drama between Finance Minister Pravin Gordhan and the Hawks, the rand appears to have been one of the victims.

Dollar rises as markets await Fed chair speech

2016-08-24 07:35

The dollar has risen with the Fed's policy plans in focus, while the South Korean won fell after the North tested a submarine-launched missile.

Rand retreats on US rate hike prospects

2016-08-22 19:03

The rand has continued its retreat against a strengthening dollar as rekindled expectations of a near-term rate rise kept investors cautious.

Rand, stocks weaker after hawkish Fed comments

2016-08-19 18:43

The rand has retreated for a third consecutive session to its weakest level in a week against the dollar while stocks also fell, on signs the US could lift rates.

Dollar up in Asia but gains capped by rate-hike doubts

2016-08-19 07:47

The dollar have risen against most Asian currencies ut its gains were capped by doubts about the chances of a US interest rate hike this year.

Nigeria's naira sinks to new all-time low

2016-08-18 15:13

The Nigerian naira has traded at an all-time low of 365.25 to the dollar, according to Thomson Reuters data.

Rand goes below R13.30/$, but when will the party end?

2016-08-18 08:42

The volatile rand is back to its winning ways, as yield players return to their risky emerging market currencies.

Pound shows it will take lots more to ignite rally

2016-08-17 16:24

The pound has approached a three-year low versus the euro even after Britain’s labour market showed signs of resilience following the Brexit vote.

Rand loses steam on signs US Fed might hike rates

2016-08-17 08:37

The rand has lost over 1% to the dollar amid signs the Federal Reserve could raise interest rates, which would further dent the risky emerging market currency.


Gordhan’s Hawks response halts rand plunge

2016-08-25 08:51

Finance Minister Pravin Gordhan’s response to the Hawks directive has helped the rand ease off its decline, but the unit is heading for trouble if he is arrested or fired.

Pound rises to 3-wk high on post-Brexit economy

2016-08-24 14:04

The pound has risen to a three-week high as data continued to suggest the UK economy is proving resilient to the Brexit vote.

Oil price drop helps rand get over early week blues

2016-08-23 08:45

While the rand’s early week blues are over, it is still a matter of wait-and-see until Friday, when the US Federal Reserve will announce an interest rate decision.

World's worst performing currency starts winning friends

2016-08-21 12:02

Old Mutual, which turned bullish on the pound on a post-Brexit data surprise, received immediate reward in the biggest weekly gain versus the dollar in over a month.

Oil price surge dents rand rally

2016-08-19 08:40

An almost 25% gain in the oil price this week has put a damper on the rand’s rally, but the real concern remains the interest rate outlook for the US Federal Reserve.

Dollar set for 3-month low on Fed rate bets

2016-08-18 16:06

The dollar has fallen toward a three-month low amid speculation interest rates will stay low amid uneven growth in the world’s largest economy.

Yen advances past 100 as dollar rally unwinds

2016-08-18 09:26

The yen has strengthened beyond ¥100/$ as the dollar’s bid to break out from a three-month low stalled after Fed Reserve officials were divided over the urgency of rate hikes.

Dollar drops after Fed minutes dampen hike expectations

2016-08-18 07:51

The dollar has dropped as records from the Federal Reserve's last meeting dampened hopes of an imminent US interest rate hike.

Dollar rallies on higher rate-boost odds

2016-08-17 12:54

The dollar has rebounded from a more than three-month low versus its major peers after Fed Reserve chiefs suggested markets are underestimating the odds a US rate hike.

Dollar halts slide on Fed rate hike talk

2016-08-17 07:44

The dollar has halted its slide in Asian trade after a senior US central banker said overnight that an interest rate raise could come as early as next month.

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