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EXPLAINER: Why you should care about the rand-dollar exchange rate
April 4, 2020--The rand has been breaking records this week. It breached the R19.00/$ mark on Friday following a further downgrade into junk status by ratings agency Fitch. Some analysts are warning that it could breach the R20/$ mark in the near term.
If you're wondering why you should care about the local unit's movements, with the help of the SA Reserve Bank, a few economists and trading analysts, we've got your questions covered.
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Source: FIN24
Rwanda's Economic Growth Projected At 5.1 Percent for 2020
April 4, 2020--The government and the International Monetary Fund (IMF) have revised Rwanda's economic growth projections for 2020 to 5.1 per cent in light of the effects of the novel coronavirus and its impact on the economy.
The economy grew by 9.4 per cent in 2019 and was initially projected to grow by 8 per cent in 2020 and 2021.
The novel coronavirus was not among the anticipated risks to growth for Rwanda just like elsewhere across the world.
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Source: allafrica.com
Rand's record-busting slump may not be over, options suggest
April 3, 2020--It's been pummeled by the risk sell-off sparked by the spread of the coronavirus, as well as a downgrade to junk by Moody's Investors Service last week.
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Source: FIN24
JSE wrap: Markets spurred on hopes of oil production cuts
April 2, 2020--Stocks in Europe and the USA traded mostly in the green as momentum picked up for stocks primarily on the back of a report that Donald Trump would announce oil production cuts which could help boost oil prices
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Source: FIN24
Financials lead surge amid consecutive gains
March 31, 2020--The financials index rebounded strongly following weakness in the prior session which was induced by the weaker rand and the downgrade of South Africa's sovereign rating.
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Source: FIN24
Strong gains for local stocks despite Moody's downgrade
March 30, 2020--Stocks in the US managed to open firmer despite the announcement by Donald Trump that the opening of the US economy could be delayed up until the end of April.
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Source: FIN24
Rand falls to record overnight low against dollar
March 30, 2020--The rand has been the worst performing emerging market currency over the past week.
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Source: FIN24
Rand firms slightly against dollar in early trade, but "toughest week of the year' looms
March 24, 2020--While gaining ground against the greenback, the local currency fell against the pound and the euro.
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Source: FIN24
JSE surges on the back of global stock rebound
March 20, 2020-The JSE rallied on Friday along with other global markets on the back of a broad-based global stock rebound.
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Source: FIN24
JSE wrap: Softer close as Reserve Bank slashes rates
March 19, 2020--The local bourse closed softer on Thursday after another whipsaw session.
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Source: FIN24
