The euro wobbled against the dollar on Thursday as traders looked towards an European Central Bank meeting.
SA’s rand might look undervalued, but headwinds are problematic, says Peter Linley, the head of Old Mutual Equities.
SA’s rand was little changed at 13.8899 per dollar in Johannesburg on Wednesday.
Concern over SA’s political risk and the ongoing Pravin Gordhan saga have made it extremely tough to be a currency trader.
SA’s rand was steadier against the dollar on Monday as support for embattled Finance Minister Pravin Gordhan intensified.
It’s been a tumultuous two weeks for the pound: Britain’s currency is getting harder to trade - and harder to predict.
Growing concern that Finance Minister Pravin Gordhan’s job is on the line unsettled the rand on Wednesday.
SA’s banking sector takes a huge knock as Finance Minister Pravin Gordhan is summoned to appear in court on fraud charges.
The news that Pravin Gordhan has been charged with breaking public finance rules sent the rand and share prices reeling.
Sterling weakened on Monday as the dollar took back some of Friday's losses against a range of currencies.
South Africa’s rand is on the verge of bucking a five-year losing trend, according to analysts.
Lingering concerns over the possibility of a December downgrade are weighing on South Africa’s currency, according to economists.
Britain’s pound has been under pressure all week - but Friday morning saw the currency dip to a three-decade low in minutes.
For the world’s top currency forecaster, the dollar is a buy whatever the outcome of America’s presidential election.
SARB Governor Lesetja Kganyago says predicting the rand’s movements is difficult because of the number of factors affecting it.