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Exchange Rates
Kenya shilling hits new low vs dollar, central bank eyed
Kenya's shilling sunk to a record low of 96.05 against the dollar on Tuesday on Europe's escalating debt woes and traders said the currency's tumble would test the Central Bank of Kenya's promise last week to defend the shilling.
Rand strengthens after Marcus comments
The rand firmed slightly against the dollar on Wednesday after comments from Reserve Bank governor Gill Marcus about not going soft on inflation raised expectations of an...
'Wobbly' rand set to weaken more
The rand slipped more than 1% against the dollar after worse-than-expected December manufacturing data on Thursday.
Rand weaker ahead of Zuma speech
The rand softened against the dollar on Thursday ahead of official data expected to show a year-on-year slowdown in manufacturing output for December.
Rand slumps against US
The rand continued to weaken against the US dollar in late afternoon trade on Friday as the unit battled to withstand reserve accumulation by the SA Reserve Bank (Sarb).
Rand hits fresh high
South Africa's rand advanced to a fresh three-year high against the dollar on Thursday and is poised for further gains in a thin market dominated by exporters.
SA eases exchange controls to offset inflows
South Africa has eased exchange controls further to let local institutions invest more abroad in an attempt to offset a surge in foreign inflows which have strengthened t...
'SA could be bruised in currency war'
An escalating currency war could make exchange rates highly volatile, sparking protectionism and reducing global trade flows, associate economist at Moody's Analytics Mek...
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