#RandReport: Rand firms in subdued start for emerging markets

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

RandReport: Rand firms in subdued start for emerging markets

JOHANNESBURG - The rand firmed in early trade on Monday, helped by increasing demand for emerging market currencies as returns on offer in developed market assets faltered following poor data last week.

Employment growth in the United States for February came in much weaker than expected last week triggering a revival in demand for risk assets as US Treasury yields and the dollar dived.

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

#RandReport: Rand firms after GDP data, stocks weakAt 1500 GMT, the rand was 0.42% firmer at 14.1400 per dollar, compared to its close of 14.2000 on Monday.
Source: ewnupdates - 🏆 30. / 53 Read more »

#RandReport: Rand weaker, stocks led up by NaspersAt 1515 GMT the rand was 0.28% weaker at 14.2100 per dollar from its New York close of 14.1725 overnight.
Source: ewnupdates - 🏆 30. / 53 Read more »

#RandReport: Rand falls after ECB, Eskom tariffs newsAt 1530 GMT, the rand was 1.44% weaker at 14.4750 per dollar, compared to a close of 14.2700 on Wednesday.
Source: ewnupdates - 🏆 30. / 53 Read more »

#RandReport: Rand edges higher, stocks flatAt 1515 GMT, the rand was 0.1% firmer at 14.2175 per dollar compared with a close of 14.2300 on Friday in New York.
Source: ewnupdates - 🏆 30. / 53 Read more »

Rand firms in subdued start for emerging marketsWith local mining, manufacturing and business confidence data due later this week, the rand is set to take its lead from the British parliamentary vote on Tuesday on whether to go ahead with the country’s exit plan from the European Union.
Source: ewnupdates - 🏆 30. / 53 Read more »

Rand firms ahead of SA’s GDP dataInvestec expects SA's GDP to have grown just 0.7% in 2018, compared with 1.3% in 2017
Source: BDliveSA - 🏆 12. / 63 Read more »

Upbeat GDP figures boost the randLocal currency firms after SA's economic performance in the fourth quarter of 2018 beat expectations
Source: BDliveSA - 🏆 12. / 63 Read more »

Eastern Cape, Sita strike a deal on multimillion rand broadband projectNewsletter| The Eastern Cape provincial government has reached a settlement with State Information Technology Agency over a multimillion-rand broadband roll-out project which will connect provincial departments, clinics and state offices in remote areas
Source: City_Press - 🏆 7. / 72 Read more »

Rand falls as dollar hovers near 2-week highOn Tuesday, the dollar rose as unexpectedly strong data on US services industries and new home sales helped sooth some fears about the state of the world’s top economy.
Source: ewnupdates - 🏆 30. / 53 Read more »

Rand softer as market waits for new catalystsThere are few major events on Wednesday to give the rand its direction, with focus on Thursday's European Central Bank policy announcement
Source: BDliveSA - 🏆 12. / 63 Read more »