• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION
Home Business

Rand weakens against US dollar amid election uncertainty

4 November 2020, 11:41 AM  |
SABC SABC |  @SABCNews
The rand has weakened from its strongest level in eight months and is currently trading at R16.33 against the dollar.

The rand has weakened from its strongest level in eight months and is currently trading at R16.33 against the dollar.

Image: File Image REUTERS

The rand has weakened from its strongest level in eight months and is currently trading at R16.33 against the dollar.

The rand has weakened by around one-and-a-half percent against the US dollar in early JSE trade.

This is mainly due to a stronger dollar, which is acting as a safe-haven currency due to uncertainty in the United States Presidential Election.

A stronger dollar usually weakens emerging markets currencies such as the rand.

The rand has weakened from its strongest level in eight months and is currently trading at R16.33 against the dollar and R19.05 to the euro.

The stronger dollar has also weakened commodities, with gold currently trading around 1 percent weaker at 1895 dollars per ounce.

Trump once again voices claims of voter fraud

Meanwhile, US President Donald Trump has again voiced his claim of voter fraud in the United States Presidential Election, saying his administration will head to the Supreme Court to stop all voting and ensure the integrity of the polls.

Trump was addressing the media in Washington DC.

“We were getting ready for a big celebration, we were winning everything and all of a sudden it was just called off…”

Trump expressed his elation over wins in the key state of Florida and others including Ohio, Georgia, North Carolina and in Pennsylvania, where he said they are leading by a tremendous amount of votes.

Vote counting is still underway.

Trump also made claims of his wins not being tabulated in Texas, as he outlines in the video below:

Biden expresses confidence as vote counting continues

Democratic challenger Joe Biden has expressed optimism with the United States Presidential Election, saying his team is on the right track to win the poll.

He addressed supporters earlier at his hometown in Wilmington Delaware, calling for patience as vote counting continues.

“Your patience is commendable…we feel good about where we are, we are on track to win this election”.

Biden says he is confident about key states including Arizona, Minnesota and Georgia.

Biden needs to win the states of Michigan, Wisconsin and Pennsylvania that sent Republican Donald Trump to the White House in 2016 for possible breakthroughs.

In the video below, Biden addresses supporters as vote counting continues:

 

Share article
Tags: RandDollarUS presidential election
Previous Post

Pastor Timothy Omotoso denied bail

Next Post

Nzimande welcomes arrest of suspects allegded in murder of TVET student

Related Posts

Power lines

Six Eskom power stations identified as primary cause of rolling blackouts

8 February 2023, 9:15 PM
Shopping cart loaded with grocery.

CEOs of CGCSA-member companies highlight rising cost of doing business in SA

8 February 2023, 9:08 PM
Thando Makhubo of Jabulane in Soweto used his R350 grant to open Soweto Creamery.

Soweto ice cream business hailed during SONA may close due to load shedding

8 February 2023, 6:32 PM
President Cyril Ramaphosa

Labour, economists share their expectations of President Ramaphosa’s speech

8 February 2023, 3:10 PM
Cable car transporting visitors to the top of Table Mountain in Cape Town.

ConCourt declares COVID-19 Tourism Relief Fund unlawful

8 February 2023, 11:46 AM
[File Image]: President Cyril Ramaphosa addresses the first sitting of the National Assembly on the occasion of his election as the President of the Republic of South Africa.

Business Unity SA appeals to Ramaphosa to appoint competent leaders

8 February 2023, 10:28 AM
Next Post
Higher Education Minister Dr Blade Nzimande congratulated the SAPS for swiftly arresting the suspects.

Nzimande welcomes arrest of suspects allegded in murder of TVET student

Most Viewed

  • 24hrs
  • Week
  • Month
  • Green comet to be visible from SA next week
  • SA Weather Service warns of maximum temperatures in Cape Town
  • VIDEO: Mabuza resigns as SA Deputy President
  • Budding Stellenbosch FC star reportedly stabbed to death
  • Several areas in Gauteng without water
  • Parts of the Northern Cape to be exempted from rolling blackouts
  • Green comet to be visible from SA next week
  • Registration at Unisa closes on Friday, but management says no need to panic
  • VIDEO | St Benedict College’s Matric learner gets 11 distinctions
  • Limpopo matriculant from child-headed household attains diploma pass
  • Several areas in Gauteng without water
  • ‘Sisulu should be fired for her unacceptable behaviour’
  • Gauteng’s Health Department confirms a third case of cholera in Johannesburg
  • Zuma vs Ramaphosa heads to the ConCourt
  • Weather Service issues severe weather warnings for parts of Eastern Cape, Gauteng

LATEST

The multi-stakeholder group believes there are solutions to the power crisis that do not have to include the declaration of a national state of disaster.  
  • SONA 2023
  • South Africa

Legal battle on horizon if Ramaphosa declares a national state of disaster over Eskom crisis


Gavel seen in a courtroom
  • South Africa

E Cape Health exempts from making upfront lump sum payment in case of medico-legal claim


Soldiers guard positions near the Naaba Koom military base in Ouagadougou, Burkina Faso. (File)
  • Africa

Gunmen kill two MSF workers in west Burkina Faso


Power lines
  • Eskom rolling blackouts
  • Business

Six Eskom power stations identified as primary cause of rolling blackouts


Shopping cart loaded with grocery.
  • SONA 2023
  • Business

CEOs of CGCSA-member companies highlight rising cost of doing business in SA


  • SONA 2023
  • Politics

Disruptions to President’s SONA will be firmly dealt with: Mapisa-Nqakula


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION

© 2022

Previous Pastor Timothy Omotoso denied bail
Next Nzimande welcomes arrest of suspects allegded in murder of TVET student