U
U

USDZAR


News

Latam FX falls as strong U.S. jobs data revives hawkish Fed fears

* Mexican peso leads declines among Latam FX * Peru Congress backs motion to start impeaching Castillo * S.African rand up as Ramaphosa resignation plans denied (Updates prices) By Shreyashi Sanyal and Devik Jain Dec 2 (Reuters) - Latin American currencies fell on Friday after a stronger-than-expected reading on U.S. employment raised concerns about a hawkish Federal Reserve, while South Africa's rand rebounded a day after rumors of President Cyril Ramaphosa resigning shook markets.
U
U

Latam FX falls as strong U.S. jobs data lifts dollar

* Mexican peso leads declines among Latam FX * Peru Congress backs motion to start impeaching Castillo * S.African rand up as Ramaphosa resignation plans denied By Shreyashi Sanyal Dec 2 (Reuters) - Latin American currencies slipped on Friday after a much stronger-than-expected reading on U.S. employment boosted the dollar, while South Africa's rand clung to gains after rumors of President Cyril Ramaphosa resigning were rebutted.
U
U

South African markets unsettled as ruling party debates president's future

By Rachel Savage and Alexander Winning JOHANNESBURG, Dec 2 (Reuters) - The rand and South African sovereign bond prices ticked higher on Friday, while stocks fell, after ruling party officials failed to reach a conclusion over whether President Cyril Ramaphosa should stay in power after an inquiry found evidence of misconduct. Ramaphosa's political future still hangs in the balance, with the national executive of his governing African National Congress (ANC) party set to reconvene to discuss the
U

Currencies inch higher ahead of U.S. jobs data, S.Africa rand steadies

* S.Africa ANC chair denies Ramaphosa considering resigning * MSCI EMFX index set to end week higher * Dollar edges lower ahead of U.S. jobs data By Shreyashi Sanyal Dec 2 (Reuters) - Emerging market currencies edged higher on Friday against a shaky dollar as investors await U.S. jobs data, while South Africa's rand steadied after the country's ruling party denied President Cyril Ramaphosa was considering resigning.
E
E
U
U

South African rand stabilises after sell-off on Ramaphosa exit rumours

JOHANNESBURG, Dec 2 (Reuters) - The South African rand stabilised early on Friday, after a steep sell-off a day earlier, on speculation President Cyril Ramaphosa was going to quit over a panel report that found preliminary evidence he may have violated the constitution. Ramaphosa's political future still hangs in the balance, with the governing African National Congress party's national executive set to meet to discuss the report later in the day.
U

Softer dollar lifts Latam FX; S.African rand weighs on EM

* Chile's economic activity index down 1.2% in October * Brazil's economy grows less than expected in Q3 * Latam stocks up 0.2%, currencies add 1.2% (Updates prices) By Bansari Mayur Kamdar Dec 1 (Reuters) - Most Latin American currencies rose on Thursday, aided by weakness in the dollar, while a drop in the South African rand amid rising political uncertainty weighed on broader emerging markets.
U
U

Softer dollar, strong commodities lift Latam FX; S.African rand weighs on EM

* Chile's economic activity index down 1.2% in October * Brazil's economy grows less than expected in Q3 * Latam stocks up 1%, currencies add 1.4% * Dollar dips as Powell says Fed to go slow * S.African rand falls on panel findings against president By Bansari Mayur Kamdar Dec 1 (Reuters) - Latin American currencies extended gains on Thursday, helped by strong commodity prices and weakness in the dollar, while a dip in the South African rand amid rising political uncertainty weighed on broader e
U
U

South African rand, bonds tumble on panel findings against president

(Updates prices) JOHANNESBURG, Dec 1 (Reuters) - The South African rand and government bond prices fell sharply on Thursday as investors digested news that President Cyril Ramaphosa may be impeached following a panel of experts' findings against him. The rand ZAR= ZAR=D3 weakened by 2% to close at 17.55 against the dollar in New York, posting its largest percentage decline since June 10. It fell as far as 17.965 per greenback during the session.
U

FX hits highest level since August on bets of Fed, China's COVID policy pivots

* Dollar tumbles as Powell says Fed to go slow * S.African rand down after panel findings against president * China's factory activity shrinks amid COVID curbs - Caixin PMI * Polish manufacturing slump drags on -PMI * Turkish factory activity contracts for 9th straight month - PMI By Bansari Mayur Kamdar Dec 1 (Reuters) - Currencies in emerging markets hit their highest level since late August on Thursday tracking global markets and weakness in the dollar after U.S.
E
E
U
U

S.African rand recovers from fall on panel findings against president

JOHANNESBURG, Dec 1 (Reuters) - The South African rand recovered some ground in early trade on Thursday, after weakening in the previous session following a panel of experts' findings against President Cyril Ramaphosa. An independent panel appointed by the speaker of South Africa's parliament on Wednesday found preliminary evidence that Ramaphosa had violated his oath of office, findings that could lead to his eventual impeachment.
U

South African rand flat after trade and budget data

(Updates prices to reflect afternoon trade) JOHANNESBURG, Nov 30 (Reuters) - The South African rand was little changed against a recovering dollar on Wednesday, after the release of domestic budget and trade figures. By 1559 GMT, the rand ZAR=D3 traded at 16.9950 against the dollar, near Tuesday's close. The dollar =USD was up around 0.24% against a basket of currencies, as investors braced for comments later from U.S.
U

Stocks set for best monthly performance since 2009

* Hungarian forint down with EU funds in focus * EM stocks up 1.3%, FX adds 0.3% * Dollar heads for biggest monthly loss since 2010 * Turkey's economy grew 3.9% in cooler Q3 By Bansari Mayur Kamdar Nov 30 (Reuters) - Emerging market stocks were set to post the best month since May 2009, while currencies were on track to snap a five-month losing streak as the dollar weakened in November amid bets the U.S.
E
E
U
U

South African rand edges up before budget and trade data

JOHANNESBURG, Nov 30 (Reuters) - The South African rand was slightly stronger in early trade on Wednesday, reflecting a weaker dollar on global markets, ahead of the scheduled release of domestic budget and trade figures. By 0602 GMT, the rand ZAR=D3 traded at 16.9700 against the dollar, about 0.2% stronger than Tuesday's close. The dollar =USD was down around 0.2% against a basket of currencies, as investors braced for comments later from Federal Reserve Chair Jerome Powell and a key monthly jo
U

South African rand gains as dollar falters; Q3 jobless rate dips

(Updates prices to reflect afternoon trade) JOHANNESBURG, Nov 29 (Reuters) - The South African rand gained on Tuesday as the dollar faltered in global markets amid hopes of a potential easing of strict COVID restrictions in China after protests in the world's second-biggest economy. At 1526 GMT, the rand ZAR=D3 traded at 16.9750 against the dollar, about 1.19% stronger than its closing level on Monday.
U

Stocks head to best day in two weeks; currencies gain as dollar falters

* China, HK stocks up on policy relief * U.S. dollar weakens after overnight gains of 0.5% * South Africa's rand jumps ahead of unemployment data * Pakistan, IMF begin talks on $7 bln loan review * EM stocks up 2.2%, FX gains 0.3% By Bansari Mayur Kamdar Nov 29 (Reuters) - Emerging market stocks on Tuesday were on track for their best daily performance in nearly two weeks, with Chinese stocks bouncing after regulators broadened equity financing channels for developers, easing fears of a debt cri
E
U
U

South African rand gains as dollar falters; unemployment data due

JOHANNESBURG, Nov 29 (Reuters) - The South African rand gained in early trade on Tuesday as the dollar faltered in global markets, with domestic unemployment figures due to be published later in the day. At 0641 GMT, the rand ZAR=D3 traded at 17.1100 against the dollar, about 0.4% stronger than its closing level on Monday. The dollar =USD was down around 0.3% against a basket of currencies.
U

S.African rand weaker as China COVID protests hurt global sentiment

(Updates prices to reflect afternoon trade) JOHANNESBURG, Nov 28 (Reuters) - The South African rand weakened on Monday as protests in Chinese cities against the country's strict zero-COVID curbs raised investors' concerns about the growth implications for the world's second-largest economy and hit global market sentiment. At 1521 GMT, the risk-sensitive rand ZAR=D3 traded at 17.1100 against the U.S.
U

Stocks, FX slide as rare China protests raise global growth concerns

* China's COVID protests roil global sentiment * Hungarian business confidence worsens in November - GKI survey * Oil prices slide on demand worries, weigh on Russian stocks, rouble * EM stocks down 1.1%, currencies off 0.4% By Bansari Mayur Kamdar Nov 28 (Reuters) - Emerging market stocks tumbled on Monday as worries about protests against COVID curbs in the world's second-largest economy weighed on global investor sentiment and currencies in the region weakened against a stronger dollar.
E
E
U
U

South African rand weaker as China COVID protests hurt global sentiment

JOHANNESBURG, Nov 28 (Reuters) - The South African rand weakened early on Monday as rare protests in major Chinese cities against the country's strict zero-COVID curbs dented global market sentiment. The protests raised investors' concerns about the growth implications for the world's second-largest economy. At 0710 GMT, the risk-sensitive rand ZAR=D3 traded at 17.1500 against the U.S.
U

South African rand weakens as dollar recovers

(Updates prices to reflect afternoon trade) JOHANNESBURG, Nov 25 (Reuters) - South Africa's rand weakened on Friday, as the dollar recovered some of its losses following the U.S. Thanksgiving holiday. At 1615 GMT, the rand ZAR=D3 was trading at 17.1150, down 0.62% from its previous close. The dollar's recovery comes after it hit multi-month lows earlier in the week as the prospect of the Federal Reserve slowing the pace of its interest rate hikes weighed on the safe-haven currency.
U



Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.