Uncertainty in debt-riddled Greece dragged down the South African rand to its lowest value in nearly four months on Friday as the monetary unit drove toward its poorest weekly showing thus far in 2012, Bloomberg reports. The monetary unit of the largest economy of the African continent fell as the Aegean nation continues to avoid… Read more.
South African Rand
The South African rand slipped for a second-straight session against the U.S. dollar on Friday, pulled down by concerns about the economy of the euro zone, Bloomberg reports. The currency of the nation hosting the largest economy on the African continent has fallen 0.1 percent during the past five days of trading. Services and manufacturing… Read more.
The South African rand lost value against the U.S. dollar on Friday as Chinese gross domestic product did not develop as quickly as economists projected during the first quarter of the year, Bloomberg reports. The monetary unit of the largest economy on the African continent was diving toward a second consecutive week of losses to… Read more.
Thursday saw the South African rand advance in value against the U.S. dollar, reversing three consecutive trading sessions of losses as propelled by commentary suggesting central bank intervention is likely in the U.S. and the euro zone, Bloomberg reports. The currency of the largest economic system on the African continent capitalized on indications noting economy-spurring… Read more.
Tuesday saw the South African rand continue its rally against the world's reserve currency as it notched a third-straight day of gains, Bloomberg reports. Strong economic data from the Chinese service industry and better-than-forecast U.S. manufacturing estimates boosted the value of the monetary unit of the largest economy on the African continent. A U.S. factory… Read more.
The currency of the largest economy on the African continent dropped to its lowest value in one month against the U.S. dollar after news broke about the nation's inflation rate dropping last month more than anticipated, Bloomberg reports. The inflation rate registered at 6.3 percent in January and it was 6.1 percent in February, Statistics… Read more.
Speculation about the slowing pace of economic growth in the globe's largest economic system pulled down the value of the South African rand on Tuesday, according to Bloomberg. The monetary unit of the largest economy on the African continent registered the first day of losses in four days as speculation indicated raw material prices are… Read more.
Wednesday saw three-straight days of gains for the South African rand end against the U.S. dollar, Bloomberg reports. Losses of the monetary unit of the largest economy on the African continent are linked with the Federal Open Market Committee of the U.S. Federal Reserve declining to employ a third round of quantitative easing during its… Read more.
Monday saw the South African rand slip for a second straight day, Bloomberg reports. The monetary unit of the African continent's biggest economy was pulled down by signals of an economic slowdown in China, the globe's second-biggest economy, the world's most rapidly developing economy and the top trade partner to South Africa. China purchases about… Read more.
The monetary unit of the nation hosting the African continent's largest economic system climbed in value on Thursday for a second day, according to Bloomberg. The South African rand climbed upon the news of debt-struck Greece nearing a debt-swap pact and news showing German industrial output in January trumped economists' projections. Germany hosts the euro… Read more.