USD/ZAR — News Archive


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.

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 Rises, Remains Under Pressure from Political Uncertainty

The South African rand rose a bit today, joining other currencies of emerging markets in a small scale rally, but remained under pressure from political turmoil in South Africa.

South African Rand Tumbles Over Political Turmoil

The South African rand fell today as political turmoil in the country made the currency not particularly attractive to investors.

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 Africa Keeps Investment Grade, USD/ZAR Dips

The South African rand climbed more than 3% against the US dollar today as Standard & Poor’s kept the nation’s credit rating at an investment grade. The terrible employment data from the United States also helped the rand to gain on the greenback.

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.