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South African rand hits new 13-month high on signs of economic turnaround

UPDATE 1-South African rand hits new 13-month high on signs of economic turnaround Updates prices to reflect afternoon trade By Bhargav Acharya and Alexander Winning JOHANNESBURG, Aug 30 (Reuters) - South Africa's rand was stable on Friday against a buoyant dollar, after the local unit hit a fresh 13-month high earlier in the day supported by improved investor sentiment on signs the domestic economy is starting to gain momentum.
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South African rand hits new 13-month high on signs of economic turnaround

South African rand hits new 13-month high on signs of economic turnaround JOHANNESBURG, Aug 30 (Reuters) - South Africa's rand strengthened to a fresh 13-month high on Friday, supported by improved investor sentiment on signs the domestic economy is starting to gain momentum. At 0935 GMT, the rand was 0.7% higher at 17.63 per dollar ZAR=D3 . It earlier hit 17.5950 against the greenback, a level not seen since late July 2023. The rand's gains come ahead of U.S.
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Most EM currencies firm in lead-up to US inflation data

EMERGING MARKETS-Most EM currencies firm in lead-up to US inflation data PCE data due at 1230 GMT Chinese yuan, South African rand at over one-year highs EM stocks up 0.5%, FX adds 0.1% By Shashwat Chauhan Aug 30 (Reuters) - Most emerging market currencies were higher on Friday as the dollar weakened ahead of crucial U.S. inflation data that could offer clues on the size of possible interest rate cuts by the Federal Reserve next month.
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South African Markets - Factors to watch on Aug 30

South African Markets - Factors to watch on Aug 30 JOHANNESBURG, Aug 30 (Reuters) - The following scheduled economic events, company announcement, equity and currency market moves may affect South African markets on Friday. ECONOMIC EVENTS July money supply data Weekly inflation-linked bond auction July trade and budget balance data COMPANIES Northam Platinum full-year results SOUTH AFRICAN MARKETS The South African rand firmed on Thursday to its strongest level in 13 months, buoyed by the retur
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African Markets - Factors to watch on Aug 30

African Markets - Factors to watch on Aug 30 NAIROBI, Aug 30 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - EVENTS: Uganda's Central Bank releases inflation data for August. Kenya's statistics office releases inflation data for August GLOBAL MARKETS Asian stocks rose on Friday and were poised for a solid end to August while the dollar was staring at its worst month
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South African rand firms to 13-mth high ahead of key US inflation reading

UPDATE 1-South African rand firms to 13-mth high ahead of key US inflation reading Updates prices to reflect afternoon trade JOHANNESBURG, Aug 29 (Reuters) - The South African rand firmed on Thursday to its strongest level in 13 months, buoyed by the return of risk appetite to financial markets ahead of key U.S. inflation data which could solidify rate cut bets in the world's biggest economy.
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EM stocks stutter with chipmakers down after Nvidia's results, FX steady

EMERGING MARKETS-EM stocks stutter with chipmakers down after Nvidia's results, FX steady South African rand firms ahead of PPI data Chinese yuan hits more than seven month high EM stocks down 0.3%, FX up 0.1% By Shashwat Chauhan Aug 29 (Reuters) - A gauge for emerging markets stocks slipped on Thursday as bourses with heavy chipmaker exposure fell after Nvidia's quarterly results failed to impress investors, while most currencies were muted ahead of economic data.
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The unwinding of carry trades may have gone too far

BUZZ-COMMENT-The unwinding of carry trades may have gone too far Aug 29 (Reuters) - The unwinding of carry trades may have gone too far, pushing higher yielding currencies much lower just before a series of expected easing cycles boosts risk appetite underpinning the currencies investors have sold. In contrast, currencies they have purchased that will be undermined by monetary policy moves remain the best way to fund carry trades that should prosper if equity markets continue to rise on the sea
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South African rand firms ahead of producer inflation data

South African rand firms ahead of producer inflation data JOHANNESBURG, Aug 29 (Reuters) - The South African rand strengthened early on Thursday, ahead of the release of domestic producer inflation data. At 0630 GMT the rand traded at 17.7575 against the dollar ZAR=D3 , 0.4% stronger than its previous close. The dollar index =USD , measuring performance against a basket of currencies, was last down 0.08%.
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South African Markets - Factors to watch on Aug 29

South African Markets - Factors to watch on Aug 29 JOHANNESBURG, Aug 29 (Reuters) - The following scheduled economic event, company announcements, equity and currency market moves may affect South African markets on Thursday. ECONOMIC EVENT South Africa July PPI COMPANIES Platinum giant Impala halts new mine expansion as profit plunges Amazon AWS summit in Johannesburg, South Africa SOUTH AFRICAN MARKETS The South African rand weakened on Wednesday ahead of economic data releases towards the end
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African Markets - Factors to watch on Aug 29

African Markets - Factors to watch on Aug 29 NAIROBI, Aug 29 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - - EVENTS: Impacted communities, civil society organisations, and environmental activists are set to demonstrate in Tanga, northeastern Tanzania, to raise awareness about the detrimental effects of the East African Crude Oil Pipeline (EACOP) project.
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South African rand slips ahead of domestic data releases

UPDATE 1-South African rand slips ahead of domestic data releases Updates prices to reflect afternoon trade JOHANNESBURG, Aug 28 (Reuters) - The South African rand weakened on Wednesday ahead of economic data releases towards the end of the week. The rand was at 17.7925 against the dollar ZAR=D3 by 1533 GMT, about 0.44% weaker than its previous close.
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Most EM currencies slip as dollar steadies

EMERGING MARKETS-Most EM currencies slip as dollar steadies Bank of Israel rate decision at 1300 GMT India's Nifty 50 at record highs EM stocks index flat, FX off 0.1% By Shashwat Chauhan Aug 28 (Reuters) - Most emerging market currencies edged lower on Wednesday as the dollar firmed, with the market focused on economic data due later this week to gauge the global monetary policy path.
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South African rand slips ahead of domestic data releases

South African rand slips ahead of domestic data releases JOHANNESBURG, Aug 28 (Reuters) - The South African rand slipped early on Wednesday, ahead of economic data releases towards the end of the week. The rand was at 17.7875 against the dollar ZAR=D3 by 0744 GMT, 0.4% weaker than its previous close. The dollar index =USD showing its performance against a basket of currencies, was last up 0.18%.
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South African rand stable ahead of data-filled second half of week

UPDATE 1-South African rand stable ahead of data-filled second half of week Updates prices to reflect afternoon trade JOHANNESBURG, Aug 27 (Reuters) - The South African rand was broadly steady on Tuesday, ahead of several local data releases later this week. At 1532 GMT, the rand traded at 17.75 against the dollar ZAR=D3 , near its Monday closing level of 17.7575. South African investors will focus on July's producer inflation data on Thursday and money supply, budget and trade balance data on F
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For South Africa's rand, it's all about the yield

BUZZ-COMMENT-For South Africa's rand, it's all about the yield Aug 27 (Reuters) - Investors are likely to be increasingly sensitive to any changes in the yield gap between South Africa and the U.S. and there is a chance the rand could steal a march over the dollar if the Federal Reserve surprises. September could be a pivotal month for the rand with the U.S.
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Most currencies subdued as Mideast risks gauged

EMERGING MARKETS-Most currencies subdued as Mideast risks gauged Hungary rate decision at 1200 GMT Chinese yuan slips from three-week highs Canada to impose 100% tariff on Chinese EVs, including Teslas EM stocks down 0.3%, FX off 0.2% By Shashwat Chauhan Aug 27 (Reuters) - Most emerging market currencies were muted on Tuesday, as sentiment remained fragile with investors assessing the risks from rising tensions in the Middle East following Hezbollah and Israel's clash over the weekend.
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South African rand stable ahead of data-filled second half of week

South African rand stable ahead of data-filled second half of week JOHANNESBURG, Aug 27 (Reuters) - The South African rand was little changed in early trading on Tuesday, ahead of several local data releases later this week. At 0737 GMT, the rand traded at 17.7650 against the dollar ZAR=D3 , near its Monday closing level of 17.7575. South African investors will focus on July's producer inflation data on Thursday and money supply, budget and trade balance data on Friday, which could give clues on
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South African Markets - Factors to watch on Aug 27

South African Markets - Factors to watch on Aug 27 JOHANNESBURG, Aug 27 (Reuters) - The following scheduled economic event, equity and currency market moves may affect South African markets on Tuesday. ECONOMIC EVENTS South Africa's government will hold its weekly auction of long-term bonds. SOUTH AFRICAN MARKETS South Africa's rand was stable on Monday, ahead of local economic data releases this week that could give hints on the health of the local economy.
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African Markets - Factors to watch on Aug 27

African Markets - Factors to watch on Aug 27 NAIROBI, Aug 27 (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 fell on Tuesday as investors pondered looming U.S. interest rate cuts and awaited earnings from AI darling Nvidia, while rising tensions in the Middle East and supply concerns checked risk sentiment and lifted oil prices.
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