georgemiller
Publish Date: Thu, 14 Nov 2024, 11:51 AM

JOHANNESBURG, Nov 14 (Reuters) - South Africa's rand firmed slightly on Thursday after four days of losses as the dollar benefited from Donald Trump's U.S. election win.
At 1519 GMT, the rand traded at 18.2275 against the dollar , about 0.1% firmer than its previous close.
The rand has traded turbulently, having lost almost 5% against the greenback, since the U.S. election last week, with investors expecting Trump's policies to bring higher short-term economic growth and also potentially inflationary pressures.
Potential policy changes include tariffs and tax cuts.
"Volatility will likely remain the order of the day as markets grab at anything they can get a hold of regarding prospective U.S. policymaking under Trump," said Danny Greeff, co-head of Africa at ETM Analytics.
An improvement in South African mining output in September did little to support the rand on Thursday. The output rose 4.7% year-on-year in September from 0.3% in August, Statistics South Africa data showed.
On the Johannesburg stock market, the blue-chip Top-40 index (.JTOPI) , opens new tab closed flat.
South Africa's benchmark 2030 government bond was little changed, with the yield at 9.145%.
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https://www.reuters.com/markets/currencies/south-african-rand-stable-after-big-losses-mining-data-ahead-2024-11-14/