News Formal

Rand weakens as consumer confidence declines, stocks down

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

At 1500 GMT the rand traded at 14.40 to the dollar, a 1.03% retreat from its New York close on Tuesday.

JOHANNESBURG - The rand slipped to a three-week low on Wednesday as the consumer confidence index showed a decline in the first quarter of 2019, while stocks also weakened.

Consumer confidence dipped in the first quarter of 2019 to +2 from +7 in the final quarter of 2018. Consumers were neither optimistic nor pessimistic about the outlook two weeks ahead of a national election seen as a referendum on the economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ANC finacial genius and magic...turning the Rand into crap right before your eyes!

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 MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

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.
Source: ewnupdates - 🏆 30. / 53 Read more »

Rand slips on stronger dollar, stocks up
Source: ewnupdates - 🏆 30. / 53 Read more »