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South African rand softens, global markets focus on Middle East tensions

UPDATE 1-South African rand softens, global markets focus on Middle East tensions Updates prices to reflect afternoon trade JOHANNESBURG, Oct 2 (Reuters) - The South African rand weakened against a stronger dollar on Wednesday, as markets worried about rising tensions in the Middle East. At 1508 GMT, the rand traded at 17.41 against the dollar ZAR=D3 , about 0.2% softer than its previous close.
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South African rand softens, global markets focus on Middle East tensions

South African rand softens, global markets focus on Middle East tensions JOHANNESBURG, Oct 2 (Reuters) - The South African rand weakened slightly against a stable dollar in early trade on Wednesday, as markets worried about rising tensions in the Middle East. At 0803 GMT, the rand traded at 17.3975 against the dollar ZAR=D3 , about 0.1% softer than its previous close.
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South African Markets - Factors to watch on Oct 2

South African Markets - Factors to watch on Oct 2 JOHANNESBURG, Oct 2 (Reuters) - The following company event, equity and currency market moves may affect South African markets on Wednesday. COMPANIES South African mining executives gather for an annual industry conference. SOUTH AFRICAN MARKETS The South African rand weakened against a stronger dollar on Tuesday, after Federal Reserve Chair Jerome Powell poured cold water on bets of more super-size interest rate cuts.
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African Markets - Factors to watch on Oct 2

African Markets - Factors to watch on Oct 2 NAIROBI, Oct 2 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - EVENTS: *Ghana's statistics agency is expected to release its September consumer inflation data. GLOBAL MARKETS Asia stocks sank on Wednesday, catching up with the sell-off on Wall Street after Iran's ballistic missile strike on Israel provoked fears of a wi
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South African rand slips as Powell signals modest rate cuts

UPDATE 1-South African rand slips as Powell signals modest rate cuts Updates prices to reflect afternoon trade JOHANNESBURG, Oct 1 (Reuters) - The South African rand weakened against a stronger dollar on Tuesday, after Federal Reserve Chair Jerome Powell poured cold water on bets of more big interest rate cuts. At 1531 GMT, the rand traded at 17.4050 against the dollar ZAR=D3 , 0.8% softer than its previous close.
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Assets ease as investors pare aggressive US rate cut bets

EMERGING MARKETS-Assets ease as investors pare aggressive US rate cut bets China markets closed Oct. 1-7 for National Day holidays Sri Lanka to discuss shape of IMF deal in Washington meetings CEE's manufacturing downturn continues but bright spots appear Turkish manufacturing sector contracts further in Sept By Ankika Biswas Oct 1 (Reuters) - Emerging market stocks and currencies started October on a sombre note, as Federal Reserve Chair Jerome Powell's latest comments pared hopes of hefty U.S.
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South African rand slips ahead of manufacturing PMI

South African rand slips ahead of manufacturing PMI JOHANNESBURG, Oct 1 (Reuters) - The South African rand weakened in early trade on Tuesday, ahead of a purchasing managers' index (PMI) for the domestic manufacturing sector. At 0747 GMT, the rand traded at 17.32 against the dollar ZAR=D3 , about 0.3% softer than its previous close. The Absa PMI for September is set to be released at 0900 GMT and should shed light on conditions in South Africa's manufacturing sector.
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African Markets - Factors to watch on Oct 1

African Markets - Factors to watch on Oct 1 NAIROBI, Oct 1 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - GLOBAL MARKETS Asian stocks eased near two-and-half-year highs on Tuesday and the U.S. dollar firmed following hawkish comments from Federal Reserve Chair Jerome Powell that scuppered bets of big interest rate cuts, while Mid-East tension kept risk sentiment i
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South African rand takes a breather after two weeks of gains

UPDATE 1-South African rand takes a breather after two weeks of gains Updates prices to reflect afternoon trade, adds analyst quote in paragraph 6 JOHANNESBURG, Sept 30 (Reuters) - The South African rand slipped on Monday as it took a breather after two weeks of gains following an improvement in investor sentiment towards the currency. At 1527 GMT, the rand traded at 17.25 against the dollar ZAR=D3 , about 0.8% weaker than its closing level on Friday.
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South Africa's rand could rise much further

REFILE-BUZZ-COMMENT-South Africa's rand could rise much further Adds chart Sept 30 (Reuters) - South Africa's rand could rise much further on the back of the surge in risk appetite and commodity rises stemming from China's huge economic stimulus package. The rand, which was among the worst of all currency performers last year and was still struggling in April, has surged since, gaining over 12% versus the dollar from 19.38 to 17.04 and over 7 percent versus the yen.
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South African rand on front foot with domestic data in focus

South African rand on front foot with domestic data in focus JOHANNESBURG, Sept 30 (Reuters) - The South African rand extended last week's gains in early trade on Monday, as investors looked to a handful of data releases for further signs of an improvement in the domestic economy. At 0650 GMT, the rand traded at 17.0375 against the dollar ZAR=D3 , about 0.5% stronger than its closing level on Friday.
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African Markets - Factors to watch on Sept 30

African Markets - Factors to watch on Sept 30 NAIROBI, Sept 30 (Reuters) - EVENTS *Kenya, Uganda statistics offices expected to release their respective consumer inflation data for September. *Kenya's statistics office expected to release second quarter 2024 gross domestic product data anytime starting on Monday. GLOBAL MARKETS Asia share markets turned hesitant on Monday as strife in the Middle East offset more stimulus measures in China, while the Nikkei dived on concerns Japan's new prime min
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South African rand extends gains as risk appetite improves

UPDATE 1-South African rand extends gains as risk appetite improves Updates prices to reflect afternoon trade JOHANNESBURG, Sept 27 (Reuters) - South Africa's rand extended gains against the dollar on Friday, hitting a fresh 20-month high amid improved risk appetite and positive sentiment at home. At 1400 GMT, the rand traded at 17.125 against the greenback ZAR=D3 , 0.35% firmer than its previous close.
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South African rand holds on to gains against dollar

South African rand holds on to gains against dollar JOHANNESBURG, Sept 27 (Reuters) - South Africa's rand was steady against the dollar on Friday, as the local currency held onto recent gains amid improved risk appetite and positive sentiment at home. At 0758 GMT, the rand traded at 17.1975 against the dollar ZAR=D3 , not far from its previous close.
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South African Markets - Factors to watch on Sept 27

South African Markets - Factors to watch on Sept 27 JOHANNESBURG, Sept 27 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday. ECONOMIC EVENTS Inflation-linked bond auction COMPANIES Insurer Momentum MTMJ.J full-year results SOUTH AFRICAN MARKETS South Africa's rand edged higher on Thursday, with stronger risk appetite among investors after rate cuts by the U.S.
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African Markets - Factors to watch on Sept 27

African Markets - Factors to watch on Sept 27 Sept 27 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - EVENTS: Zambia's finance minister Situmbeko Musokotwane will present the 2025 national budget on Friday. GLOBAL MARKETS Chinese stocks are headed for the best week since 2008 as Beijing rolled out a huge stimulus package to revive the economy, lifting Asian shares t
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South African rand edges up on improved risk sentiment

UPDATE 1-South African rand edges up on improved risk sentiment Updates prices as of 1350 GMT, adds analyst comment in paragraphs 5-6 JOHANNESBURG, Sept 26 (Reuters) - South Africa's rand edged higher on Thursday, with stronger risk appetite among investors after rate cuts by the U.S. Federal Reserve last week and positive sentiment in the months following May's national election.
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South African rand edges up ahead of local data releases

South African rand edges up ahead of local data releases JOHANNESBURG, Sept 26 (Reuters) - South Africa's rand edged higher early on Thursday, ahead of the release of a quarterly bulletin by the central bank and monthly producer inflation figures. At 0653 GMT, the rand traded at 17.1975 against the dollar ZAR=D3 , about 0.5% stronger than its previous close.
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African Markets - Factors to watch on Sept 26

African Markets - Factors to watch on Sept 26 NAIROBI, Sept 26 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - - GLOBAL MARKETS Asian stocks bucked the global trend to extend a rally on Thursday, fuelled by persistent optimism over China's aggressive stimulus package, although there were signs some of that enthusiasm was starting to ebb.
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South African rand firms to fresh 20-month high

UPDATE 1-South African rand firms to fresh 20-month high Updates prices as of 1512 GMT, adds trader's comments in paragraphs 4, 6 JOHANNESBURG, Sept 25 (Reuters) - South Africa's rand extended its recent rally on Wednesday, strengthening to a fresh 20-month high against the dollar. At 1512 GMT, the rand traded at 17.2075 against the U.S. currency ZAR=D3 , about 0.4% stronger than its previous close.
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