Saturday, May 28, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Business

South Africa’s rand gains as dollar falls back, stocks flat

by SAT Reporter
October 19, 2021
in Business, Just In
0
South Africa’s rand gains as dollar falls back, stocks flat
0
VIEWS

JOHANNESBURG, (The Southern African Times) – South Africa’s rand rose on Tuesday, gaining back some ground lost a day earlier thanks to a softer dollar, while stocks closed little changed as they struggled for direction.

At 1526 GMT, the rand ZAR= traded at 14.5345 against the dollar, 1.0% stronger than its previous close.

The currency had dipped on Monday, dented by third quarter economic data from China showing the slowest pace of growth in a year, which prompted investors to sell riskier assets like the rand. 

However weak manufacturing data from the United States knocked the dollar on Tuesday, along with a recovery in risk sentiment and as U.S. Treasury yields paused, helping to lift the rand back up.

“Following a tough first session to the new week, the ZAR has recovered in overnight trade as the USD fell to the bottom of its recent range amid improving risk appetite,” ETM Analytics said in a note.

Stocks were little changed, with the Johannesburg Stock Exchange’s All-Share index .JALSH at 66,776 points, inching down 0.02%, while the Top-40 Index .JTOPI edged down 0.05%.

A rally in technology shares failed to lift stocks as resources weighed on the bourse. The resource index .JRESI fell 0.53%, led by miner Glencore GLNJ.J down 4.1%.

This week the local data calendar is light, with the September consumer price index ZACPIY=ECI, ZACPI=ECI on Wednesday likely to attract most attention and give direction.

Government bonds strengthened, with the yield on the instrument due in 2030 ZAR2030= dropping 1 basis point to 9.380%.

Previous Post

As Africa’s glaciers melt, millions face drought and floods, UN says

Next Post

Africa calls for climate finance tracker after donors fall short

SAT Reporter

Related Posts

Nigeria, Ethiopia to Hold Bilateral Talks on Trade, Economy, Politics
Politics

Nigeria, Ethiopia to Hold Bilateral Talks on Trade, Economy, Politics

by SAT Reporter
May 26, 2022
Okonjo-Iweala: Global Food Crisis Could Last till 2024
Business

Okonjo-Iweala: Global Food Crisis Could Last till 2024

by SAT Reporter
May 26, 2022
Glencore fined 1.1 billion for bribing Public  Officials for Crude Oil Contracts
Business

Glencore fined 1.1 billion for bribing Public Officials for Crude Oil Contracts

by SAT Reporter
May 26, 2022
Zimbabwean Leading Exec Busisa Moyo urges African diaspora investment to lead FDI
Business

Zimbabwean Leading Exec Busisa Moyo urges African diaspora investment to lead FDI

by SAT Reporter
May 26, 2022
Somali foreign minister Abdisaid Muse suspended for alleged abuse of office

Somali foreign minister Abdisaid Muse suspended for alleged abuse of office

by SAT Reporter
May 26, 2022
Next Post
Africa calls for climate finance tracker after donors fall short

Africa calls for climate finance tracker after donors fall short

Premium Content

Spanish court tells UEFA, FIFA not to interfere in European Super League plans

Spanish court tells UEFA, FIFA not to interfere in European Super League plans

April 21, 2021
S.Africa’s rand weaker as rising Asian coronavirus cases dent risk demand

S.Africa’s rand weaker as rising Asian coronavirus cases dent risk demand

May 17, 2021
The  Wallabies can unpick Springbok Defence: De Kock

The Wallabies can unpick Springbok Defence: De Kock

August 31, 2021

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • BOTSWANA
  • Botswana
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

African business news Africa New Africa News african footballer African investments African news African start-up Business Classic Climate change Content coronavirus Cyclone Idai Egypt Explore Bali Finance Foods football Health Hopewell Mauwa Life Style mali news Market Stories news Odion Ighalo Oilandgas Opinion Pandemic Politics Premium reserve bank of Zambia Russia soccer South Africa Southern African News sports Stay Home United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn Zimbabwe job creation

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?