Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

South Africa's rand rises before release of retail sales data

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/14/2019 | 03:42am EDT
South African Rand coins are seen in this photo illustration

JOHANNESBURG (Reuters) - South Africa's rand gained on Wednesday, helped by momentum from the previous session after the United States said it would delay some tariffs on China.

At 0630 GMT the rand was up 0.1% to 15.1350 per dollar, back from an overnight push to 15.0900, its best in a week, with buyers returning as they assessed the strength of the recovery.

Statistics South Africa publishes June retail sales later. A Reuters poll of economists predicted a 2.3% expansion in the economy's largest sector.

Indications the economy was recovering from the first quarter's contraction could sustain the rand's recovery, bringing sub-15.00 levels back into play, traders said.

Bonds were weaker, with yields on the benchmark 10-year bond adding half a basis point to 8.415%.

In equities, Aspen Pharmacare agreed to pay the British National Health Service 8 million pounds ($9.65 million) to resolve competition concerns.

Aspen shares were at the lowest since March before the market opened.

(Reporting by Mfuneko Toyana, editing by Larry King)

Stocks mentioned in the article
ChangeLast1st jan.
ASPEN GROUP INC 0.46% 4.39 Delayed Quote.-19.89%
ASPEN GROUP LIMITED 3.33% 1.085 End-of-day quote.11.28%
ASPEN GROUP LTD 0.45% 774.6 Delayed Quote.35.94%
ASPEN PHARMACARE HOLDINGS LIMITED 1.58% 69.35 End-of-day quote.-48.09%
EURO / SOUTH AFRICAN RAND (EUR/ZAR) 0.12% 16.9623 Delayed Quote.2.92%
US DOLLAR / SOUTH AFRICAN RAND (USD/ZAR) 0.21% 15.2944 Delayed Quote.6.25%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
08/17Argentina Treasury minister resigns, says 'significant renewal' needed amid economic crisis
RE
08/17LAST ORDERS : Rise of closing auctions stirs worries in European stock markets
RE
08/17EUROPEAN EXTERNAL ACTION SERVICE : Joint statement by Federica Mogherini and the Minister of Foreign Affairs of Canada Chrystia Freeland on Hong Kong
PU
08/17CENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : Chinese financial institutions report net FDI inflows in Q2
PU
08/17UK finance minister awards 600 million pounds to housing fund
RE
08/17China unveils rate reform to steer funding costs lower for firms
RE
08/17WHAT'S NEWS : World-Wide
DJ
08/17WHAT'S NEWS : Business & Finance
DJ
08/17EXCLUSIVE : U.S. set to give Huawei another 90 days to buy from American suppliers - sources
RE
08/17EXCLUSIVE : U.S. set to give Huawei another 90 days to buy from American suppliers - sources
RE
Latest news "Economy & Forex"
Advertisement