AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 131.36 Increased By ▲ 1.83 (1.41%)
BOP 6.85 Increased By ▲ 0.17 (2.54%)
CNERGY 4.62 Decreased By ▼ -0.01 (-0.22%)
DCL 9.05 Increased By ▲ 0.11 (1.23%)
DFML 43.75 Increased By ▲ 2.06 (4.94%)
DGKC 84.20 Increased By ▲ 0.43 (0.51%)
FCCL 33.05 Increased By ▲ 0.28 (0.85%)
FFBL 78.19 Increased By ▲ 2.72 (3.6%)
FFL 11.50 Increased By ▲ 0.03 (0.26%)
HUBC 110.40 Decreased By ▼ -0.15 (-0.14%)
HUMNL 14.80 Increased By ▲ 0.24 (1.65%)
KEL 5.39 No Change ▼ 0.00 (0%)
KOSM 8.28 Decreased By ▼ -0.12 (-1.43%)
MLCF 39.85 Increased By ▲ 0.06 (0.15%)
NBP 61.10 Increased By ▲ 0.81 (1.34%)
OGDC 200.50 Increased By ▲ 0.84 (0.42%)
PAEL 26.75 Increased By ▲ 0.10 (0.38%)
PIBTL 7.88 Increased By ▲ 0.22 (2.87%)
PPL 160.70 Increased By ▲ 2.78 (1.76%)
PRL 26.53 Decreased By ▼ -0.20 (-0.75%)
PTC 18.55 Increased By ▲ 0.09 (0.49%)
SEARL 82.35 Decreased By ▼ -0.09 (-0.11%)
TELE 8.28 Decreased By ▼ -0.03 (-0.36%)
TOMCL 34.43 Decreased By ▼ -0.08 (-0.23%)
TPLP 9.17 Increased By ▲ 0.11 (1.21%)
TREET 17.24 Decreased By ▼ -0.23 (-1.32%)
TRG 61.24 Decreased By ▼ -0.08 (-0.13%)
UNITY 27.70 Increased By ▲ 0.27 (0.98%)
WTL 1.42 Increased By ▲ 0.04 (2.9%)
BR100 10,486 Increased By 79.5 (0.76%)
BR30 31,852 Increased By 139.1 (0.44%)
KSE100 98,267 Increased By 938.4 (0.96%)
KSE30 30,535 Increased By 342.4 (1.13%)

JOHANNESBURG: South Africa's rand was mostly flat on Tuesday, struggling to bounce back from a flare-up in US-China trade tensions that had dragged the currency down a day earlier.

Fresh tariff war volleys between the world's two biggest economies were also weighing on markets in Asia and Australia, though comments from US President Donald Trump that he expects trade negotiations to be successful aided sentiment.

At 0625 GMT, the rand traded at 14.32 to the dollar, 0.1 percent stronger than Monday's close.

The week's trade tensions have snatched away some of the rand's gains after the ruling African National Congress (ANC) looked set for victory in a parliamentary and provincial election last week.

While the ANC secured a decisive win, international factors have largely eclipsed any impact on the rand's direction.

However, first quarter unemployment figures to be published later on Tuesday could bring a fresh domestic influence to the rand's movements over the course of the day.

Copyright Reuters, 2019

Comments

Comments are closed.