News Formal

Rand softer as market waits for new catalysts

  • 📰 eNCA
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

South Africa's economy grew by 1,4% in the last quarter of 2018, however, the rands continues to be volatile in 2019.

JOHANNESBURG - There are few major events on Wednesday to give the rand its direction, so focus is on Thursday's European Central Bank policy announcement.

The rand was slightly softer against major global currencies on Wednesday morning, with markets treading water pending fresh catalysts.Traders are keeping an eye on the US-China trade talks, while the European Central Bank’s interest rate announcement on Thursday could also give the market some direction.At 9.30am the rand was 0,42% weaker at R14,222/$, 0,33% softer at R16,0692/€, while remaining flat at R18,6743/£. The euro was flat at $1,1298.

Although there was little to give the market direction on Wednesday, there seemed to be some momentum in favour of the dollar, he said.

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:

 /  🏆 49. in UK
 

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Newsdeck: South African Business Confidence Declines to Five-Month LowSouth Africa: South African Business Confidence Declines to Five-Month Low By Bloomberg
Source: dailymaverick - 🏆 3. / 84 Read more »