South Africa’s rand breaks below R16 to the US dollar

[Bloomberg]

South Africa’s rand breaks below R16 to the US dollar

South Africa’s rand strengthened below R16 per dollar, erasing its Iran war losses as the greenback extended declines sparked by the US Treasury’s plan to buy back longer-end bonds.

 

[Defiler]

Great, that'll bring down the fuel price!


/s

 

[NarrowBandFtw]

Dollar weakness is not the same as Rand strength, despite the rate moving in our favour

 

[shinji]

Not good news for those of us working remotely for US-based companies...

[Luckily I have a minimum salary set in ZAR.]

 

[GrootVoet]

Buying $$$ before Cyril and company say something stupid.

 

[ISP cash cow]

Dollar weakness is not the same as Rand strength, despite the rate moving in our favour

This, when the dollar weakens the emerging market currencies tend to do well.

 

[gregmcc]

Sorry fellas. It's above 16 again.

16.028336

 

[W@P]

Not good news for those of us working remotely for US-based companies...

[Luckily I have a minimum salary set in ZAR.]

I have a friend who does this.

And I can feel his pain.

 

[Lupus]

Dollar weakness is not the same as Rand strength, despite the rate moving in our favour

Pound is lower, euro as well, krona, yen, yuan, lakhs...
The only ones that are roughly the same are AUD and NZD

 

[NarrowBandFtw]

Pound is lower, euro as well, krona, yen, yuan, lakhs...
The only ones that are roughly the same are AUD and NZD

guess again, don't look at USD based lapdogs to see what is what, look at others ...