JOHANNESBURG - The rand lost most of its recent gains as a result of last week’s rebalance of the World Government Bond Index (WGBI) according to Bianca Botes, Executive Director at Peregrine Treasury Solutions.
The recent resumption of tension between the US and China, which seems to be intensifying, is adding pressure to the fragile risk appetite, causing additional market jitters.
The local manufacturing PMI and vehicle sales are due locally today, while the US will release factory orders.
The market starts the day at R18.88/$, R20.67/€ and R23.52/£.
Get the latest market update and top stories from our newsrooms across South Africa, Africa and the world.
The latest fpreign exchange news is at yiur fingetips to help you.
Get the global market foreign exchange rates now including the rand against the dollar rate, rand against the Euro rate as well as the rand against the Pound rate.
The Business Report also has the up to date gold, silver and platinum commodity statistics. The World market news including the Nikkei, Dow Jones and the Dax is at your fingertips and the most recent financial news is available here too.
The Business Report Market Update is published daily on the Business Report website. To stay in touch with the latest in financial and technology news on the Business Report website and social media channels.
Like the Business Report on Facebook by clicking
You can also follow the Business Report on Instagram
BUSINESS REPORT ONLINE