Rand softer as market waits for new catalysts

JOHANNESBURG - There are few major events on Wednesday to give the rand its direction, so focus is on Thursday's European Central Bank policy announcement.

The rand was slightly softer against major global currencies on Wednesday morning, with markets treading water pending fresh catalysts.Traders are keeping an eye on the US-China trade talks, while the European Central Bank’s interest rate announcement on Thursday could also give the market some direction.At 9.30am the rand was 0,42% weaker at R14,222/$, 0,33% softer at R16,0692/€, while remaining flat at R18,6743/£. The euro was flat at $1,1298.

Although there was little to give the market direction on Wednesday, there seemed to be some momentum in favour of the dollar, he said.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OPINIONISTA: DA manifesto on manufacturing is a game changer for South AfricaManufacturing is a major focus for the Democratic Alliance in our manifesto, which contains some big ideas on how to make manufacturing a sunrise sector for the economy. As a manufacturing company we struggle to find skills & other businesses in SA that can produce tools & dies, machinery & equipment needed. These ancillary businesses & competence centers has collapsed. Best you find is sales organization selling imports or 2nd hand equipment
Source: dailymaverick - 🏆 3. / 84 Read more »

South Africa signs 21 bilateral agreements with eSwatiniSouth Africa is eSwatini's largest trading partner, with total bilateral trade totalling R33.4-billion in 2017. Check the ring. & the watch. The feathers in the hair. The necklace. Beautiful & expressing himself. Also expressing himself with In aid of what exactly?
Source: eNCA - 🏆 49. / 51 Read more »