News24 | Rand moves closer to record low against the dollar

News24 | Rand moves closer to record low against the dollar

The rand briefly hit R19.82 against the dollar in early trade on Wednesday morning, approaching the record low of R19.92 it reached in June 2023.

The rand is approaching its weakest level ever against the dollar amid the chaos that has erupted in international financial markets.

The rand strengthened against the US dollar in the month of March and closed the month at R18,38 against the dollar. The rand weakened against the euro; from the last day in February it increased by 70 cents and closed at R19,90. The Prime lending rate remained unchanged in March and […] The post Agricultural Markets: Weaner Calf Price Trend Offers Hope for Producers appeared first on AgriOrbit.

Rand nears all-time low on tariff turmoil and coalition tension

By Reuters The South African rand neared an all-time low against the dollar in early trade on Wednesday, bruised by global risk aversion linked to U.S. President Donald Trump’s tariffs and uncertainty over the future of the country’s ruling coalition. The rand fell as low as 19.8225 to the dollar, not far from the weakest it has ever traded at 19.9075 in June 2023 . By 0655 GMT, it had recovered some ground to reach 19.73, up 0.2% on the day, bu…