The rand is holding very well. There is resistance at 6.31/dollar. If that breaks, we might see more losses, but it looks comfortable in this range.
Nicholas Kennedy
46 quotes about rand follow in order of popularity. Be sure to bookmark and share your favorites!
Higher materials costs looks like they're being offset by better pricing. That was an issue, especially with Ingersoll-Rand that we were watching for.
Thomas Leritz
Thirty thousand dollars is 180,000 rand. And $180,000 is a lot more than that over there.
Grant Baker
Ingersoll-Rand is a cyclical company and they're trying to become less cyclical, and they've kind of proved it this quarter that they're hitting on all cylinders right now.
Thomas Leritz
The risk remains that the rand will be at the higher end of people's forecasts.
John Reade
Commodities were very strong for the rand this week. There weren't many negatives for the currency.
Jim Bryson
If the rand continues to appreciate, as is widely expected, there could be a minimal threat to the inflation outlook and the South African economy in general.
Monale Ratsoma
The industry's profit margins have widened considerably despite the strength of the rand against the dollar. The benefits of restructuring and consolidation are now coming through. I just hope the industry doesn't let costs slip again.
Stephen Roelofse
For the past six months, Rand has been claiming that the sexual acts were consensual. He has now finally admitted that he threatened her and forced her to do these things.
Rosemarie Arnold
The Passion of Ayn Rand.
Helen Mirren
Although the underlying inflation picture remains benign, a potential further increase in the rand oil price remains one of the main risk factors that could push it higher in the months to come.
Johan Rossouw
A rise in global demand, the relatively low cost of capital and a weaker rand have all helped lift manufacturing.
Michael Keenan
If the rand breaks convincingly through R6 to the dollar, the Reserve Bank may decide to cut.
Mandla Maleka
I think it was pretty neutral from a rand perspective but he did a paint pretty optimistic outlook for the rand.
Michael Keenan
Activity has now contracted for two consecutive months, albeit mildly. As noted in the January release, the sustained strength of the rand exchange rate probably explains much of the pressure on manufacturing.
André Roux
In the industrial machinery area I've noticed Ingersoll-Rand has really created a wonderful base and demand is breaking it out.
Bernadette Murphy
That story should be negative for the rand.
Jim Bryson
Despite the strong rand the JSE remained strong, which showed that there was a lot of positive sentiment.
Ferdi Heyneke
Foreign investors are playing a bigger and bigger role in our stock market and in helping the rand stay strong.
Paul Hansen
We expect a neutral monetary policy stance in 2006, but much will depend on movements in the rand and the performance of mining and manufacturing.
Dennis Dykes
The gold price at these levels still helps the rand immensely. It's still pretty good going for the rand.
Ion De Vleeschauwer
If you want to know how cheap power affects economic development ask Dresser-Rand if they'll stay here without cheap power.
Daniel Spitzer
One day, when the commodity boom ends and foreign investors head for the exits, that could change the picture for the rand.
Paul Hansen
The currency is likely to be guided movements in commodity prices as there's no market moving data locally. The rand will be a touch softer if gold keeps losing ground.
Lee Naisbitt
The rally we've seen in the rand has come squarely on the back of the rally we saw in the gold price.
Tania Kotsos
Of this projected deficit, 21 billion rand originates from the poor performance of the trade account.
Nico Kelder
Lately, the rand has been at the mercy of metal prices and yesterday, and today, were prime examples of that. Gold will determine the direction for a while.
Ion De Vleeschauwer
The dollar stopped firming, and combined with high metals prices this has been conducive to a stronger rand.
Michael Keenan
The rand is no longer influenced by what happens between the euro and the dollar. The rand is now influenced by real fundamentals.
Debbie Orgill
It's difficult to see the rand strengthening further from current levels because rates are going against the currency at the moment. The interest rate outlook favors the dollar over the rand.
Ion De Vleeschauwer
The rand, as a commodity-based currency, should benefit from the surge in precious metals' prices as it has in recent times.
Monale Ratsoma
Foreigners have been net buyers of our equities over the last few weeks and I am sure there was selling, especially with the rand at current levels.
Craig Pheiffer
Oil has continued to firm. That's bullish for the two stocks, which were also helped to a certain extent by the slightly weaker rand.
Warren Hammond
If you look at the historical volatilities of the rand you'll find that they have declined through the year.
George Glynos
Gold has pulled back from its recent spike to around $505 an ounce while the rand has strengthened to 6.34 against the US dollar.
Ferdi Heyneke
With the rand expected to remain around its 2005 levels, and global inflation remaining low, imported inflation should again be mute in 2006.
Rashika Lalla
In the short term the rand is looking reasonably good and there might be positive momentum, but it's not likely to run away.
Leon Myburgh
Increased aversion in emerging market countries during March resulted in the rand losing ground against its major trading partners.
Shireen Darmalingam
Commodity prices are still strong, and that's leading to strong foreign demand for our stocks. If you try and look for negatives for the rand at the moment, you struggle.
Jim Bryson
Given the very strong correlation which exists between the trade-weighted rand and the commodity indices, it is extremely difficult to call for a weaker rand in the current environment.
Lee Naisbitt
It's likely to be another difficult year for the rand. As the yield gap narrows, that will make it more difficult for South Africa to attract the investment it needs.
Carsten Fritsch
With demand fairly strong and the rand making exports less competitive, the current account deficit is a huge concern for the central bank.
Ridle Markus
Commodities are still at very high levels and are supporting the rand. In the long run, the economy remains a supportive factor for the rand.
Elisabeth Gruie
Any data indicating U.S. rates may peak is a good signal for the rand and other emerging market currencies. Overall, the mood still remains nervous.
Elisabeth Gruie
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