Rand hits lowest level of the year

2020-01-30 18:14

The Rand had a rocky showing against the dollar on Thursday, trading at R14.73 to the greenback by 17:30 on Thursday afternoon, its lowest point for the year so far.

China aims to reduce its dependence on America by 'decoupling' from the dollar, ANZ bank says

2019-11-18 17:42

Analysts at ANZ said that "the pace of diversification into other currencies will likely quicken going forward,” as the trade war rages on.

Rand bleeds after grim mid-term budget

2019-10-30 16:30

The rand lost more than 2.5% against the US dollar after Finance Minister Tito Mboweni's mini budget speech on Wednesday afternoon.

OPINION: Facebook's cryptocurrency may not stand a chance

2019-09-20 05:01

Mark Zuckerberg’s cryptocurrency project, Libra, has become the regulatory equivalent of a pinata: Everyone is lining up to hit it with a stick. And it's not hard to see why, says Lionel Laurent.

The rand is bleeding – but it may not hurt South Africans as much as usual

2019-08-06 14:44

Oil prices are falling at the same time, which should provide some shelter to motorists.

Trump has a favourite currency, and it’s not Bitcoin

2019-07-13 07:00

When Donald Trump’s former adviser, Steve Bannon, praised Bitcoin last year as “disruptive populism” and revealed he was working on his own cryptocurrency, it was evidence of something many people had long suspected.

Dow shines, but doomsayers warn of dire times ahead

2019-06-27 10:23

With the Dow hitting a record growth period in June, doomsayers are predicting that the US will fall into a recession within the next two years, taking global markets with it. But are they right?

Stock markets muted despite surging US economy

2019-04-26 21:45

News that US economic growth had smashed expectations in the first quarter of 2019 failed to galvanise markets on Friday, with analysts warning of an economic divergence between the United States and the rest of the world.

US stocks advance on earnings as dollar rallies

2019-04-23 16:11

US equities climbed on the back of better-than-forecast earnings, while the dollar strengthened and Treasury yields dipped.

Zim's new currency has shed 20% since introduction

2019-04-01 08:48

Zimbabwe's local currency, the RTGS dollar, has shed more than 20% since its introduction in late February as the availability of foreign currency on the formal market remains subdued.

 

Small reprieve for the JSE

2019-11-27 17:46

The JSE traded mostly flat to firmer on Wednesday as it attempted to gain traction after consecutive sessions of losses.

Huge drop in US dollar value of Zim stock exchange impacts pension funds

2019-11-07 17:30

The Zimbabwe Stock Exchange has lost US$18bn worth of value since the country decided to drop a parity peg between the local currency and the US dollar.

Renewed trade talks fail to lift JSE sentiment

2019-10-09 18:39

The JSE retreated on Wednesday despite a broad-based rebound across the major global markets on the back of positive news from Chinese officials.

Don’t bet on last year’s star performers

2019-09-12 11:16

Just because a company – or market – has had a good run, doesn’t mean this will remain the case, writes PSG Wealth’s Schalk Louw. To illustrate this, he looks at comparative data of the top ten performing shares and countries, respectively.

US labels China a currency manipulator, escalating trade war

2019-08-06 08:14

The Trump administration has formally labelled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation for new US tariffs.

US stocks hit record on trade truce; oil rallies

2019-07-01 15:57

US stocks rallied to all-time highs, with semiconductor shares leading the charge after President Donald Trump agreed to ease a ban on American companies supplying Chinese tech giant Huawei. Gold, the yen and Treasuries all retreated.

Zimbabwe pension payouts delayed due to forex shortage

2019-06-14 09:05

The provider of a common payment platform used by banks to pay out pensions is demanding to be paid in foreign currency.

US stocks slip from record as dollar advances

2019-04-24 16:19

US equities edged lower along with European stocks as investors assessed corporate earnings and economic data.

The dollar looks poised to wreak some havoc

2019-04-17 14:07

There’s been a lot of talk lately about how the global currency market has become stuck in a tight range, with volatility collapsing and no clear trends emerging. Judging by the performance of the dollar, this is no time to be complacent.

Rand in for volatile week as SA awaits rates announcement, Moody's

2019-03-25 10:47

The SA Reserve Bank will announce its interest rate decision on Thursday, while Moody's is expected to make its latest credit rating announcement on Friday.

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