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South African Rand Extends Winning Streak As Global Sentiment Improves

The South African rand is extending its winning streak against the US dollar as it continues to find support in global foreign exchange markets. With a fierce risk appetite and general optimism in the broader financial markets, investors are pouring into the rand. As the number of confirmed coronavirus cases comes down and the central bank indicating tightness in monetary policy, the rand may emerge as one of the top emerging market currencies.

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.

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 Steady After Central Bank Maintains Policy Stable

The South African rand was almost flat against the US dollar after the South African Reserve Bank kept its monetary policy intact but signaled that the monetary tightening cycle may come to an end soon.

South African Rand Falls as Current Account Deficit Widens

The South African rand dropped today after data showed an increase of the nation’s current account deficit.

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.

Rand Gains After Bernanke’s Speech & Central Bank’s Meeting

The South African rand rose today as Federal Reserve Chairman Ben Bernanke quelled fears of imminent quantitative easing reduction and after the South African central bank left monetary policy unchanged.

Rand Gains as Interest Rate Cut Unlikely

The South African rand appreciated today as the central bank indicated that there is a limited room for an interest rate cut due to inflation risks.

Rand Falls as Central Bank Concerned by Volatility

The South African rand weakened today on signs that the central bank may intervene to curb volatility of the exchange rate.

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