[CURRENCY] At 0630 GMT, the rand traded at R17.14 against the dollar, ahead of the country’s second-quarter gross domestic product (GDP) figures, which could give some clues on the health of the economy. Moneyweb Currency
Rand was flat in early trade on Tuesday ahead of the country’s second-quarter gross domestic product figures, which could give some clues on the health of the economy. At 0630 GMT, the rand traded at R17.14 against the dollar, the same as its previous close, after falling to a two-year low on Monday.
“The rand was getting quite stretched and was due some correction,” Andre Cilliers, currency strategist at TreasuryONE, said in a research note. Statistics South Africa will release the GDP figures at 0930 GMT, with economists polled by Reuters expecting 0.8% quarter-on-quarter contraction and 0.6% year-on-year expansion. The dollar index, which measures the currency against six rivals, held steady at 109.59, after hitting 110.27 on Monday.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Monday Morning SpiceTech billionaire escape fantasies. Pump and dump exec jumps from NYC building. Lisa Kudrow labelled ‘worst human’.
Läs mer »
Monday Motivation: Stay in your laneYou were created in such a way that when you run your own race well, you get to experience joy unspeakable that no other human being can be able to give you. Doing what you are created for comes with fulfilment.
Läs mer »
Senzo Meyiwa trial resumes on Monday - Here's the latestSenzo Meyiwa trial resumes on Monday - Here's the latest The trial of the five men accused of murdering Senzo Meyiwa will resume on Monday at the Pretoria High Court. Here's the latest..
Läs mer »
Get cosy everyone, the cold front continues - Monday weather forecastHappy Monday Cape {town} Etc fam!We hope you're getting your hot drink ready, spring has arrived but so has a cold front. We're in for a chilly, windy day with temperatures reaching a high of 14-degrees and WNW wind speeds travelling at 32 km/hour.
Läs mer »