Rand breaks through R16 to the dollar
The rand broke through the critical R16/$ resistance level on Monday, touching R15.99 to the dollar for the first time in almost 6 months.
-
-
dollar | Finance | Rand | reserve bank | South Africa
Rand hits R16 to the dollar
The rand has strengthened to below the 16-per-dollar mark.
-
This history of currencies suggests the US dollar’s dominance may fade …
But it will happen slowly.
-
deVere Group | dollar | Finance | Nigel Green | Rand
United States shock gives huge boost to the rand
The rand strengthened late on Friday following shock jobs data from the United States, which softened the dollar and boosted gold.
-
Rand on shaky ground
The rand is “treading water” around R16 to the dollar at the moment, as global uncertainty has markets in a ‘wait-and-see’ mode, and tensions in the Middle East push traders into gold.
-
Big Mac Index: Is the rand still undervalued?
The index implies that the US dollar should cost less than R9 – ‘that’s the danger of using just one product, but however you look at it, the rand is still undervalued’: Johann Els, chief economist at PSG Financial Services.
-
Best news for the Rand in four years
The rand has broken through R16 to the dollar for the first time since June 2022.
-
Annabel Bishop | dollar | Finance | Rand
Rand goes from zero to hero in a year
The rand has hit its strongest levels in three years, pushing toward R16.30/$ from over R19.00/$ a year ago. And investors think things will get better still.
-
American markets | dollar | Elke Brink | jse | Markets | RSG Geldsake
Die rand versterk steeds teen die Amerikaanse dollar
Elke Brink – direkteur en adviseur, PSG Route 21