Wednesday saw the South African rand gain against the world's reserve currency, disregarding concerns about Greece's inability to finalize a pact with private creditors to slash its debt, according to Reuters. The monetary unit of the largest economy on the African continent reversed three consecutive days of losses to the U.S. dollar, Bloomberg reports. Drivers… Read more.
South African Rand
Tuesday saw the South African rand slip in value to the U.S. dollar as concerns persisted regarding the laggardly pace of growth in the world, Bloomberg reports. The monetary unit of the largest economic system on the African continent has adverse responses to financial and economic developments due to its trade and commerce of native… Read more.
Friday saw losses for the value of the monetary unit of the nation hosting the largest economy in Africa amid concerns for growth and development in Europe, Bloomberg reports. The South African rand is forecast to suffer the consequences of reduced exports to Europe, the country's largest trade partner. Though Friday's losses were large, the… Read more.
The South African rand pushed on Friday to its top value in two weeks against the U.S. dollar while it barreled toward to a second-straight week of gains against the world's reserve currency, Bloomberg reports. Drivers of the uptick of the monetary unit of the largest economic system on the African continent include data suggesting… Read more.
Tuesday saw the monetary unit of the largest economic system on the African continent slip to the U.S. dollar after preoccupations that Greek suffering will not end with the Aegean nation being awarded its second bailout since June 2010, Bloomberg reports. After three-straight sessions of gains, the rand fell in value. The euro zone is… Read more.
Thursday saw the South African rand sink to its lowest rate since late last month against the U.S. dollar, according to Bloomberg. The currency of the African continent's largest economic system was pulled down by uncertainty in Greece as the Aegean nation is to endure another delay for disbursal of international bailout funding, according to… Read more.
The monetary unit of the largest economy on the African continent slipped to the world's reserve currency on Tuesday, pulled down by credit rating reductions to six European nations, Bloomberg reports. The value of the South African rand fell after Italy, Spain and Portugal – three nations damaged by the sovereign debt crisis during the… Read more.
Uneasiness and wonderment pulled down the value of the South African rand on Friday as the governor of the nation's central bank is set to make remarks on Saturday afternoon, Bloomberg reports. Flanking reserve bank governor Gill Marcus will be President Jacob Zuma and Finance Minister Pravin Gordhan, but the offices of each public official… Read more.
The South African rand on Wednesday hurtled to its highest value in three months against the U.S. dollar, Bloomberg reports. The monetary unit of the African continent's largest economic system gained as a consequence of strong bond sales in Portugal and Germany while manufacturing in the African nation exceeded analysts' estimates. One economist noted hesitancy… Read more.
Tuesday saw the monetary unit of the nation hosting the African continent's largest economy advance against the U.S. dollar amid strong economic data, according to Bloomberg. The South African rand benefited from the gross domestic product in China gaining more than projected during the fourth quarter of 2011. Forecast to grow 8.7 by a Bloomberg… Read more.