Photo: File
Photo: File

Rand under pressure, impacted by a stronger dollar

Time of article published Sep 25, 2020

Share this article:

Compiled by Dhivana Rajgopaul

JOHANNESBURG - Get the latest market update and top stories from our newsrooms across SA, Africa and the world.

The latest Forex news is on hand to help you.

Get the Rand to Dollar rate, Rand to Euro rate and the Rand to Pound rate now.

We also have up to date commodity statistics. The World market news is at your fingertips and the most recent financial news is here too.

After gaining over 20 percent this year, gold is on track for its worst week in over a month, as the dollar continues to claw back some of its recently lost ground according to Bianca Botes, Executive Director at Peregrine Treasury Solutions.

The strong dollar saw the rand come under additional pressure, trading to a low of R17.20/$ while South Africa celebrated Heritage Day, although the unit subsequently recovered lost ground to trade below R17.

We have yet another slow day in the data calendar, with the United Kingdom quarterly bulletin and United States durable goods due for release today.

The rand start the day at R16.92/$, R19.74/€ and R21.57/£.

The Business Report Market Update is published daily on the Business Report website. 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 here or follow us on Twitter @Busrep.

You can also follow the Business Report on Instagram here

BUSINESS REPORT ONLINE

Share this article: