The rand had its best day on Friday since President Cyril Ramaphosa won the race to lead the governing party at the ANC’s 54th national conference in 2017, as the US Federal Reserve’s dovish tone put pressure on the dollar.
At 5.36pm, the rand had firmed 2.8% to R16.5693/$, recording its biggest gain since December 18 2017. It had strengthened 2.02% to R19.7245/€ and 1.63% to R22.1240/£. The euro added 0.71% to $1.1903. The local currency is still down 15.3% to the dollar so far this year.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
MARKET WRAP: JSE firms as markets shift focus to US stimulusThe consumer price index accelerated to 3.2% in July from 2.2% in June
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
MARKET WRAP: JSE gains for a second day as markets digest US Fed chair’s speechThe all share gained 0.53% and the top 40 0.63%, with industrials and banks also up
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Market data - August 26 2020Market data including bonds and fuel prices
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Market cap of world's top five carmakers plunges $63bnCovid-19 closures cause combined values of VW, Toyota, Daimler, Ford and GM to plummet
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »