USD/ZAR — News Archive


South African Rand Touches New Record Low

The South African rand sank to the new record low during the current trading session as bad news from China continued to hurt risky currencies of emerging economies.

South African Rand Touches Record Low as China Scares Markets

The South African rand tumbled today, demonstrating the biggest drop among most-traded currencies and touching the historic low. The reason for the dive was yet more bad news from China.

South African Rand Slows Rally

The South African rand slowed its rally after yesterday’s big jump. Despite the welcomed change of the financial minister, investors remained unconvinced about the government’s ability to tackled economic challenges that lay before it.

South African Rand Gains After Finance Minister Appointment

The South African rand rallied today after President Jacob Zuma appointed Pravin Gordhan as a new finance minister. He is the third South African finance minister in less than a week.

South African Backs Off vs. US Dollar

The South African rand fell against the strong US dollar today. The currency still performed relatively well due to the help of rising commodity prices.

South African Rand Touches Record Low

The trading week has started with a sharp rise in risk aversion as the meltdown of the Chinese stock market continued. Currencies of emerging economies suffered as a result, including the South African rand that has touched the all-time low during today’s trading session.

Rand Drops vs. Dollar Even as South African Central Bank Hike Rates

The South African rand dropped against the US dollar today even though the nation’s central bank increased its main interest rate, continuing with the hiking cycle.

South African Rand Races Down

The South African rand was one of the weakest currencies on the Forex market today. The reason for such poor performance was the decline of prices for raw materials.

Rand Falls as South Africa’s Current Account Misses Estimates

The South African rand dropped today, reaching the lowest level since 2008 against the US dollar, as the nation’s current-account deficit narrowed less than was predicted by analysts.

Rand Drops as S&P Lowers South Africa’s Credit Rating

The South African rand dropped today as Standard & Poor’s lowered the nation’s sovereign credit rating due to slow economic growth and other problems that make South African assets less attractive to investors.