Monday, June 9, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Rand edges lower after tumble on Chinese data

Simon Osuji by Simon Osuji
August 1, 2023
in Finance
0
Rand broadly stable after interest rate pause
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The rand edged lower in early trade on Tuesday after falling over 1% on Monday on the back of weak Chinese manufacturing data.

At 09:11, the rand traded at R17.94 against the dollar.

The dollar last traded at 101.960, around 0.08% firmer against a basket of global currencies.

“The rand lost ground yesterday as the dollar firmed, and China’s economic woes raised global growth concerns once again and dampened risk appetite,” said Andre Cilliers, currency strategist at TreasuryONE.

At around 1200 GMT, the National Association of Automobile Manufacturers of South Africa will release the country’s vehicle sales data for July.

South Africa’s benchmark 2030 government bond was also slightly weaker in early deals, with the yield up 3 basis points to 10.245%.



Source link

Related posts

Afreximbank’s downgrade by Fitch ‘not based on reality’

Afreximbank’s downgrade by Fitch ‘not based on reality’

June 9, 2025
Uruguay’s dLocal Expands into Africa with Planned Acquisition of AZA Finance

Uruguay’s dLocal Expands into Africa with Planned Acquisition of AZA Finance

June 9, 2025
Previous Post

Russian Deputy Prime Minister Makes Big Announcement on BRICS Currency

Next Post

Shiba Inu: 2 Billion Tokens Burned in July: Is $0.0001 Next Target?

Next Post
Shiba Inu: 2 Billion Tokens Burned in July: Is $0.0001 Next Target?

Shiba Inu: 2 Billion Tokens Burned in July: Is $0.0001 Next Target?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

South African businessman Barry Swartzberg loses $13.8 million on Discovery shares

South African businessman Barry Swartzberg loses $13.8 million on Discovery shares

5 months ago
Former SA Army Chief Ramano dies

Former SA Army Chief Ramano dies

4 hours ago
Your guide to a global celebration of visual storytelling

Your guide to a global celebration of visual storytelling

4 months ago
Ex-Tesla exec leading Ford skunkworks project to develop low-cost EV

Ex-Tesla exec leading Ford skunkworks project to develop low-cost EV

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.