Rand slips on stronger dollar, stocks up

The greenback climbed across the board on Tuesday as financial markets re-opened after the Easter holiday and traders favoured the dollar ahead of the release on Friday of US gross domestic product data for the first three months of 2019.

Globally, markets are looking to the release of the US GDP data for indications about the strength of the world’s largest economy. On the bourse, stocks rose following positive news in the energy sector, with the Top40-index up by 0.59% to 53,184.19 points while the broader All-Share index rose by 0.54% to 59,544.80 points.

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Rand lifted by Chinese growth; stocks flatAt 1600 GMT the rand was 0.1% firmer at 14.0150 per dollar, with reduced trading volumes ahead of the Easter public holidays amplifying moves.
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Rand slips amid pressure on emerging-market currenciesThe dollar has firmed as a result of disappointing eurozone data, but the rand has avoided the losses of some of its emerging-market peers
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Rand weaker as risk demand fades before Easter, stocks upThe currency has eked out gains in the previous session after retail sales came in weak but better than forecasts.
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