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1. www.dailymaverick.co.za › article › 2024/05/20-randElection jitters shelved: Rand soars to 10-month high against ...

   www.dailymaverick.co.za › article › 2024/05/20-rand

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   May 20, 2024 · 5 min. The rand has perked up of late, defying the prophets of its doom. On Monday, it reached 18.11/dlr, its strongest level in almost 10 months. In April, the currency had slipped to around 19. ...

2. www.iol.co.za › business › jobsRand hits its strongest position against the US dollar since ...

   www.iol.co.za › business › jobs

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   May 20, 2024 · The rand had a strong position on Monday when compared to the US dollar and other global currencies.. According to Reuters, the rand had its strongest levels since August 2023 and this helped ...

   • Author: Vernon Pillay

3. www.reuters.com › markets › south-african-randSouth African rand gains as risk sentiment improves | Reuters

   www.reuters.com › markets › south-african-rand

   Jul 8, 2024 · JOHANNESBURG, July 8 (Reuters) - The South African rand strengthened on Monday, as risk sentiment improved on bets that an interest rate cut by the U.S. Federal Reserve is close. At 1504 GMT, the ...

4. www.politicalanalysis.co.za › why-is-the-randWhy is the Rand strengthening? Are we actually seeing ...

   www.politicalanalysis.co.za › why-is-the-rand

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   Sep 30, 2024 · The rand’s recent gains come on the back of several external factors. The global pullback of the US dollar, combined with a slight improvement in local investor sentiment due to South Africa’s political developments, has contributed to the rand hovering around the R18 mark. But let’s not get carried away—this is hardly an indication of ...

5. www.news24.com › fin24 › marketsRand hits best level in months ahead of US inflation test

   www.news24.com › fin24 › markets

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   May 13, 2024 · On Monday, the rand dipped below R18.35/$ – its strongest level since mid-January amid renewed optimism that US rates may be cut, along with subsiding election fears and commodity price strength. By lunchtime, the local currency was trading at around R18.36, from R19.32 almost a month ago. Dollar/rand exchange rate.

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7. www.businesslive.co.za › bd › marketsRand touches best level in almost two weeks after cabinet ...

   www.businesslive.co.za › bd › markets

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   Jul 1, 2024 · The rand was firmer on Monday morning, on track for its third day of gains as investors welcomed President Cyril Ramaphosa’s long-awaited announcement of the new cabinet.. Ramaphosa announced ...

8. www.businesslive.co.za › bd › marketsMARKET WRAP: Rand reverses gains on stronger dollar

   www.businesslive.co.za › bd › markets

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   Jul 1, 2024 · At 5.55pm, therand had weakened 0.59% to R18.2925/$ and 0.86% to R19.6529/€, while it had strengthened 0.22% to R23.9617/£. The euro was 0.14% firmer at $1.0727. On Monday, Ramaphosa’s ...

9. People also ask

   Why was the Rand a strong position on Monday?

   • The rand had a strong position on Monday when compared to the US dollar and other global currencies. According to Reuters, the rand had its strongest levels since August 2023 and this helped improve risk sentiment. The rand was trading at around R18.15 to the dollar at 10:05am on Monday.

   Rand hits its strongest position against the US dollar since August 2023

   www.iol.co.za/business/jobs/rand-hits-its-strongest-position-against-the-us-dollar-since-august-2023-b3067696-902e-42fa-8195-7f77c85a7992

   See all results for this question

   Why has the Rand risen so much in South Africa?

   • The rand’s recent gains come on the back of several external factors. The global pullback of the US dollar, combined with a slight improvement in local investor sentiment due to South Africa’s political developments, has contributed to the rand hovering around the R18 mark.

   Why is the Rand strengthening? Are we actually seeing progress?

   www.politicalanalysis.co.za/why-is-the-rand-strengthening-are-we-actually-seeing-progress/

   See all results for this question

   How did the Rand perform in May?

   • In the UK, the Rightmove house price index improved in May. On Friday, Nedbank also noted that the rand has made some large gains against the dollar. In its Weekly Monitor, Nedbank said that the rand strengthened to its highest level since July 2023, as the dollar fell on higher expectations of an earlier US interest rate cut.

   Rand hits its strongest position against the US dollar since August 2023

   www.iol.co.za/business/jobs/rand-hits-its-strongest-position-against-the-us-dollar-since-august-2023-b3067696-902e-42fa-8195-7f77c85a7992

   See all results for this question

   How has the Rand changed since August 2023?

   • According to Reuters, the rand had its strongest levels since August 2023 and this helped improve risk sentiment. The rand was trading at around R18.15 to the dollar at 10:05am on Monday. The rand was trading at around R19.75 to the euro and R23.06 to the British pound.

   Rand hits its strongest position against the US dollar since August 2023

   www.iol.co.za/business/jobs/rand-hits-its-strongest-position-against-the-us-dollar-since-august-2023-b3067696-902e-42fa-8195-7f77c85a7992

   See all results for this question

   Why did the Rand weaken during the day?

   • However, the rand and its emerging-marketing peers weakened during the day “as the dollar strengthened mostly because of weaker ISM manufacturing and purchasing managers’ index figures out of the US, leading to US treasury yields rising”, said TreasuryONE currency strategist Andre Cilliers.

   MARKET WRAP: Rand reverses gains on stronger dollar - BusinessLIVE

   www.businesslive.co.za/bd/markets/2024-07-01-market-wrap-rand-reverses-gains-on-stronger-dollar/

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   Is the Rand on track for a third day of gains?

   • Picture: 123RF/SKORZEWIAK The rand was firmer on Monday morning, on track for its third day of gains as investors welcomed President Cyril Ramaphosa’s long-awaited announcement of the new cabinet. Ramaphosa announced the ministers on Sunday night, which includes members from several parties in the government of national unity (GNU).

   Rand touches best level in almost two weeks after ... - BusinessLIVE

   www.businesslive.co.za/bd/markets/2024-07-01-rand-touches-best-level-in-almost-two-weeks/

   See all results for this question