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* Easing cycle in Turkey unlikely until end of 2021 - analyst

By Reuters Staff (Updates rand, bonds; adds stocks) JOHANNESBURG, June 1 (Reuters) - The South African rand fell on Tuesday after data showed that the country’s unemployment rate hit a new record high in the first quarter, signalling continued weakness in an economy whose woes were exacerbated by the COVID-19 pandemic. Sentiment was also affected by the resumption of rotational power cuts by power utility Eskom, which struggles to power Africa’s most industrialised nation because of repeated faults at its ailing coal-fired power station fleet, constraining economic growth. At 1455 GMT, th...

South Africa's rand firmed on Friday and looked set for weekly gains, thanks to a rise in commodity prices and a weakening U.S. dollar as investors turned to riskier but high-yielding assets.

By Reuters Staff (Updates rand, adds bonds and stocks) JOHANNESBURG, June 3 (Reuters) - South Africa’s rand weakened on Thursday, stepping back from a more than two-year peak hit earlier in the session, as the dollar rose after stronger-than-expected U.S. private payrolls data that suggested an improving labour market. At 1506 GMT the rand was 0.59% weaker at 13.6050 per dollar, having touched 13.4975 earlier, its firmest level since February 2019. The earlier rally was mainly driven by growing appetite for riskier but high-yielding assets. “Growing bets that Fed monetary tapering may not...

The South African rand rallied to its highest in more than two years against the dollar on Wednesday, as investors cheered the latest evidence of a sustained rebound in global economies and as U.S. Treasury yields pulled back.