Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Afri...
Tag: Rand
South African rand outlook after the De Ruyter interview
The USD/ZAR exchange rate continued its bullish comeback as the outlook of the South African economy worsened. It jumped to a high of 18.50, the highest point since November 3. The South African rand ...
Plot thickens for rand as Eskom crisis escalate
The GBP/ZAR exchange rate soared to the highest point since September 2020 after Eskom fired its CEO. It jumped to a high of 22.22 as the South African rand continued plunging across the boad. The clo...
Algorand NFT marketplace Rand Gallery buys data aggregator NFT Explorer
Rand Gallery, the largest NFT marketplace on the Algorand blockchain, acquired the data aggregator NFT Explorer to add analytics to its product offering. The deal allows Rand Gallery to own ...
South African rand braces for more weakness
The USD/ZAR exchange rate continued its bullish run after the US published stronger-than-expected consumer inflation numbers on Tuesday. It drifted to a high of 18.00, which was the highest point sinc...
USD/ZAR drops below key support: What next for South Africa rand?
The USD/ZAR exchange rate has pulled back since November on the back of a relatively weak US dollar. After rising to a year high of 18.60, the South African rand has jumped to 17. So, what next for th...
rand forecast after the South African inflation data
The USD/ZAR price rebounded on Wednesday after the strong South African consumer inflation data. It rose to a high of 18.24, which was close to the year-to-date high of 18.57. The South African rand h...
USD/ZAR forecast: rand at risk amid South Africa power outages
The USD/ZAR price soared to a record high on Monday as investors braced for more weakness of the South African economy. The pair surged to a high of 17.76, which was about 23% above the lowest level t...
Distributed Finance acquires Algorand NFT marketplace Rand Gallery
Distributed Finance emerged from stealth this morning, announcing a $2.5 million seed round and the acquisition of Algorand NFT marketplace Rand Gallery. The new venture aims to promote growth of non...
Rand outlook as South Africa inflation soars
The USD/ZAR price tilted upwards on Wednesday after the latest South Africa consumer inflation data. It rose to a high of 17.05, which was a few points below this month’s high of 17.14. It has rallied...
USD/ZAR forecast as the South African rand makes a comeback
The USD/ZAR price dropped to the lowest point since June 29th as the market focused on the relatively weak US consumer inflation data. The pair dropped to a low of 16.12, which was about 6.50% below t...
South African central bank mulls digital rand to streamline cross-border payments
The South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo. Naidoo said a digital rand could significa...
South African rand at risk ahead of SARB decision
The South African rand is hovering near its lowest level since December ahead of the upcoming interest rate decision by SARB. The USD/ZAR pair is trading at 16.027, which is about 11% above the lowest...
South African rand has more room to run
The South African rand strength accelerated to the highest point in five months as rate hike expectations rose. The USD/ZAR pair is trading at 14.49, which is more than 7% below its highest level this...
USD/ZAR: South African rand steady ahead of SARB decision
The South African rand has continued to strengthen in the past few months. The USD/ZAR crashed to the lowest level since October as commodity prices rose. It is trading at 14.76, which is about 9.87% ...
What’s Coming for 2022? – An Analysis with Crypto Rand
In 2021, crypto surpassed the 3 Trillion market cap; precisely on Nov. 10th. A remarkable date where both main assets; Bitcoin and Ethereum, achieved their respective all-time highs. Q4 2021 volumes h...
Senator Rand Paul Warns That The United States Has Legislation That Is Similar To Canada’s Emergency Management Act
In the United States, we have an Emergency Act that permits the president to turn off the internet. I sought to take this power away from President Trump when he was in office, he said. Paul, on the o...
Senator Rand Paul Warns the US Has Similar Statutes to Emergencies Act in Canada – Regulation Bitcoin News
U.S. Senator Rand Paul says “statutes that allow presidents or heads of state to invoke emergencies are very, very dangerous.” Commenting on Canada’s Emergencies Act invoked by the Trudeau government,...
Rand Brings New Yield Aggregator Strategies with Acala for aUSD Leverage
The recent integration of Acala with the dApp Rand has excited the holders of the aUSD stable coins. Rand will deploy Acala’s EVM+ to introduce new yield aggregator strategies for the platform and the...
Rand forecast ahead of SARB decision
The USD/ZAR price was under pressure on Thursday as investors reflected on the hawkish Federal Reserve decision. The pair also retreated as the market waited for the upcoming interest rate decision by...
Kamala Harris’ New Comms Director Donated To Rand Paul’s Presidential Campaign, Filings Show
Topline Jamal Simmons, the incoming communications director for Vice President Kamala Harris, appears to have donated to the 2016 presidential campaign of Republican Sen. Rand Paul (Ky.), according to...