Deprecated: /var/www/wp-content/plugins/amp/includes/widgets/class-amp-widget-categories.php is deprecated since version 2.0.0 with no alternative available. in /var/www/wp-includes/functions.php on line 5523

Deprecated: /var/www/wp-content/plugins/amp/includes/widgets/class-amp-widget-archives.php is deprecated since version 2.0.0 with no alternative available. in /var/www/wp-includes/functions.php on line 5523

Deprecated: /var/www/wp-content/plugins/amp/includes/widgets/class-amp-widget-text.php is deprecated since version 2.0.0 with no alternative available. in /var/www/wp-includes/functions.php on line 5523
Rand falls - Zimbabwe Today
Notice: Undefined variable: fm_appid in /var/www/wp-content/plugins/facebook-members/facebook-members.php on line 71

Notice: Undefined variable: fm_appid in /var/www/wp-content/plugins/facebook-members/facebook-members.php on line 81

Rand falls


Notice: Undefined variable: fm_appid in /var/www/wp-content/plugins/facebook-members/facebook-members.php on line 71

JOHANNESBURG. South Africa’s rand weakened in early trade on Wednesday as investor optimism over the US-Mexico trade deal was dimmed by concerns that the China-US trade war will drag on for some time, hurting appetite for riskier assets.

At 0643 GMT, the rand traded at 14,3000 per dollar, 0,49 percent weaker than its close on Tuesday. Risk appetite was boosted earlier this week after the United States and Mexico agreed to overhaul the North American Free Trade Agreement, putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the pact.

The rand tumbled to two-year lows just shy of 16 earlier this month as a massive selloff of the Turkish lira spread to other emerging markets. The South African currency has since recovered but trading remains volatile. Even though concerns over possible contagion from Turkey have eased, there is simply far too much event risk at play,” Rand Merchant Bank analyst Nema Ramkhelawan-Bhana wrote in a note.

“The U.S. appears to have sidelined talks with China in favour of solidifying an accord with Mexico and Canada while Moody’s downgraded 20 of Turkey’s financial institutions, warning that the worst is still to come. Expect trade to be choppy today.”

Stocks were set to open lower at 0700 GMT, with the JSE securities exchange’s Top-40 futures index down 0,15 percent.

In fixed income, the yield on the benchmark government bond due in 2026 was up 3,5 basis points at 8.91 percent.

Source :

Check Also

Zimbabwe: Young Women Rallied to Participate in Economy


Notice: Undefined variable: fm_appid in /var/www/wp-content/plugins/facebook-members/facebook-members.php on line 71
By Rumbidzayi Zinyuke First Lady Amai Auxillia Mnangagwa has challenged young women to actively participate …

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This function has been disabled for Zimbabwe Today.