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Rand Gains as South African Economy Exits Recession

The South African rand gained against the US dollar today as the country’s economy exited its second recession in almost a decade.

South African Rand Firm Despite Interest Rate Cut

The South African rand rallied today despite yesterday’s surprise interest rate cut from the nation’s central bank.

South African Rand Drops as Zuma Resists Calls to Step Down

The South African rand fell against the US dollar today after President Jacob Zuma resisted calls to step down, supported by his party.

Rand Falls as Political Turmoil in South Africa Intensifies

Political turmoil in South Africa persists, and it continued to hurt the rand, which dropped more than 1% on Wednesday.

South African Rand Bounces After Intraday Drop

The South African rand fell during the current trading session but has bounced versus the US dollar by now. The drop was a result of the sovereign credit rating downgrade by Standard & Poor’s.

South African Rand Bounces, Jumping More Than 1% vs. Dollar

The South African rand erased yesterday’s losses today, jumping more than 1% against the US dollar.

Rand Falls as Markets Expect Gordhan to Leave Office

The South African Rand dropped today amid speculations that Finance Minister Pravin Gordhan will leave his office.

Rand Climbs as South Africa’s Credit Ratings Preserved

The South African rand rallied more than 1% at the start of the current trading week after rating agencies maintained South Africa’s credit grade at the end of the last week.

Rand Lower vs. Dollar After South African Central Bank Policy Meeting

The South African rand dropped against the US dollar today following the nation’s decision to keep its repurchase rate unchanged.

South African Rand Plunges as Pravin Gordhan Summoned to Court

The South African rand plummeted today after Finance Minister Pravin Gordhan was officially summoned to court.

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