Emerging-market currencies have regained ground after a torrid session on Friday, with markets bracing for a series of risk events this week
The rand was firmer against major global currencies on Monday afternoon, faring best against the pound amid ongoing Brexit developments.
Emerging-market currencies, including the rand, were recovering slightly after sharply weakening on Friday. The Turkish lira led the gains on Monday, bolstered by promises from that country’s central bank to intervene to support the currency.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rand slides as global recession fears hit emerging marketsThe rand retreated against the dollar early on Monday, weakening alongside other emerging market currencies on fears of a slowdown in global economic growth.
Read more »
Rand firms in mild emerging-market recoveryThe local currency is slightly stronger against the pound on Monday morning, amid reports that UK Prime Minister Theresa May may be on her way out
Read more »
Rand stutters as electricity crisis weighsCaution prevailed among investors as South Africa’s power utility Eskom said it would continue implementing power cuts on a rotational basis as it struggles with generating capacity shortages.
Read more »
Rand remains flat as market waits for US FedThe US Federal Reserve's monetary policy decision later is keeping markets cautious
Read more »
Rand a little firmer after positive dataRetail sales in January grew faster than market expectations, while foreign direct investment jumped to a five-year high in 2018
Read more »
Security guard, 22, dies in hospital after East Rand shootoutHe and a colleague were brutally attacked by 10 suspects in an attempted armed robbery.
Read more »
Rand Water remains stable during load shedding | IOL NewsRand Water on Wednesday said their bulk water network that supplies their customers remains stable during load shedding
Read more »
JSE set to react to weaker Asian markets and a firmer randThe rand gained on Thursday while local markets were closed for Human Rights Day, and Naspers's primary asset Tencent has fallen 1%
Read more »
Rand flat after post Fed rallyLocally, concerns over power utility Eskom continued to weigh on sentiment, with the cash-strapped state firm saying Friday it would implement a seventh straight day of nationwide electricity cuts.
Read more »
Rand weakens to the pound after Brexit extensionThe EU has agreed to an extension of the Brexit deadline to mid-April, a move that benefits sterling
Read more »