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South African Rand Declines to Six-Year Low on Credit Turmoil

The carry trade is gradually coming to an end: South Africa's rand fell to the lowest in almost six years against the U.S. dollar as investors abroa[...] read more »
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Currency Blog: Sterling falls to 2 and a half year low against the rand following British budget

Sterling falls to 2 and a half year low against the South African rand read more »
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Rand Jumps on Positive News from Europe

It looks like the European leaders have reached consensus about some questions they were discussing during their meetings. The signs of progress in r[...] read more »
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China’s Manufacturing Bolsters Rand

China’s manufacturing growth also bolstered the South African rand as it has increased the appeal of the higher-yielding currencies. read more »
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Carry Trade Makes South Africa’s Rand Stronger

The South African rand strengthened today against the US dollar on the speculation that the carry trade would persist, increasing the capital inflows[...] read more »
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Rand Goes Down as 1.3 Million Government Workers Go to Strike

The South African rand fell today after a week of gains versus the US dollar as the nation’s economy may deteriorate after as much as 1.3 million gov[...] read more »
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South Africa’s Rand Gains for Fourth Day on High Interest Rates

The South African rand climbed today, posting the fourth straight day of gains, to the highest level in three years versus the US dollar as the inves[...] read more »
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Rand Weakened by Unfavorable Jobs Data & Declining Gold

The South African rand fell today against the U.S. dollar on the outlook for the unfavorable jobless rate to remain without much improvement and as t[...] read more »
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South African Rand Falls on Greek Crisis, Trims Losses

The South African rand dropped today as the disagreement of the European Union leaders about the bailout for Greece reduced appeal of riskier currenc[...] read more »
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Rand Goes Lower as Moody Changes Outlook to Negative

The South African Rand slipped today as Moody’s Investor Service set the credit rating of South Africa to negative, reducing appeal of the nation’s c[...] read more »
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Rand Strengthens as Gold Reaches Record

The South African rand reached the highest level in more than three months against the US dollar today as central said that restraining the capital i[...] read more »
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South Africa Intervenes to Weaken Overvalued Rand

The South African rand fell today as the central bank bought the foreign currencies in order to battle the excessive appreciation, which may hurt the[...] read more »
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Gold Jumps Above $1,500, Helping South Africa’s Rand

The South African rand climbed today as gold continue to post new records and on speculation that the central bank will increase the interest rates. read more »
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Rand slows in trading against the Dollar

Forex accounts have seen slight losses due to the European turmoil, but forex brokers in South Africa do not expect this to have lasting effects. So[...] read more »
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European Crisis Isn’t Good for Rand

The South African rand is just another higher-yielding currency that suffers from the adverse impact of the European-sovereign debt crisis on currenc[...] read more »
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