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

    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 ...

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

    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 ...

    • Vernon Pillay

  3. businesstech.co.za › news › financeRand breaks under R18 to the dollar as markets welcome new ...

    Jul 1, 2024 · Staff Writer. · 1 Jul 2024. The rand strengthened in early trade on Monday (1 July) as markets opened to a new cabinet in president Ramaphosa’s Government of National Unity (GNU). The president ...

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

    Sep 30, 2024 · 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 strong economic fundamentals. Inflation is still a looming issue, and ...

  5. www.news24.com › fin24 › marketsWhy the rand is back at R19/$ again | Business - News24

    Aug 14, 2023 · At midday, the rand was trading at R18.96/$, 0.15% weaker than on Friday. Earlier on Monday, it reached R19.0471. The local currency started 2023 below R17/$. The rand hit a record low of R19.80 in May this year. It recovered some of the losses to trade below R18/$ at the end of July. We live in a world where facts and fiction get blurred.

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

    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.

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

    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. ...

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