{"id":4652,"date":"2021-02-17T18:53:35","date_gmt":"2021-02-17T18:53:35","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=4652"},"modified":"2021-02-17T17:27:47","modified_gmt":"2021-02-17T17:27:47","slug":"rand-trades-weaker-overnight","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-weaker-overnight","title":{"rendered":"Rand trades weaker overnight"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a>. <\/strong><\/span>JOHANNESBURG &#8211; The rand ended a remarkable run on Tuesday, surrendering some of the gains made in recent sessions according to NKC Research.<\/p>\n<p>After trending above R15.5 against the dollar a month ago, the South African unit dropped below the R14.5 against the dollar threshold in recent sessions. The day\u2019s news saw the South African Medical Association confirming that the Johnson &amp; Johnson Covid-19 vaccine would arrive in the country yesterday and that the rollout programme will commence on Wednesday.<\/p>\n<p>At the close of local trade, the rand quoted 1.00 percent weaker at R14.60\/$, after trading in range of R14.39\/$ &#8211; R14.63\/$. the local unit traded weaker overnight. The expected range of the rand against the dollar today is R14.55\/$ &#8211; R14.85\/$.<\/p>\n<p><b>Brent crude oil<\/b><\/p>\n<p>The Brent oil price traded on the back foot but remained near a one-year peak as a cold front meant that wells and refineries in Texas to close.<\/p>\n<p>At the close of local trade, benchmark Brent crude futures quoted 0.38 percent lower at $63.06pb. Crude prices whipsawed stronger during Asian trade this morning.<\/p>\n<p><b>BUSINESS REPORT<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. JOHANNESBURG &#8211; The rand ended a remarkable run on Tuesday, surrendering some of the gains made in recent sessions according to NKC Research. After trending above R15.5 against the dollar a month ago, the South African unit dropped below the R14.5 against the dollar threshold in recent sessions. The day\u2019s news saw [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":4651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-4652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rand trades weaker overnight - South Africa<\/title>\n<meta name=\"description\" content=\"JOHANNESBURG - The rand ended a remarkable run on Tuesday, surrendering some of the gains made in recent sessions accord ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-trades-weaker-overnight\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rand trades weaker overnight\" \/>\n<meta property=\"og:description\" content=\"JOHANNESBURG - 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