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.
Analysts at ANZ said that "the pace of diversification into other currencies will likely quicken going forward,” as the trade war rages on.
The rand lost more than 2.5% against the US dollar after Finance Minister Tito Mboweni's mini budget speech on Wednesday afternoon.
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.
Oil prices are falling at the same time, which should provide some shelter to motorists.
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.
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?
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 equities climbed on the back of better-than-forecast earnings, while the dollar strengthened and Treasury yields dipped.
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.
The JSE traded mostly flat to firmer on Wednesday as it attempted to gain traction after consecutive sessions of losses.
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.
The JSE retreated on Wednesday despite a broad-based rebound across the major global markets on the back of positive news from Chinese officials.
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.
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 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.
The provider of a common payment platform used by banks to pay out pensions is demanding to be paid in foreign currency.
US equities edged lower along with European stocks as investors assessed corporate earnings and economic data.
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.
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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