USD/ZAR — News Archive

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Malaysian Policy Makers Fail to Prevent Ringgit Sell-Off

The Malaysian ringgit slipped against the US dollar today as efforts of Malaysian policy makers to limit currency speculation failed to prevent a downfall of the ringgit.

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.

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.

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