How the Attempted Assassination of Donald Trump Affected the RAND
The US dollar surged following an assassination attempt on former US president Donald Trump at a political rally in Pennsylvania.
The US dollar surged following an assassination attempt on former president and current Republican candidate Donald Trump during a political rally in Pennsylvania on Saturday.
Trump was hit in the right ear in an assassination attempt by a gunman in a chaotic and shocking incident set to supercharge political tensions ahead of the polarising US presidential election.
The 78-year-old Trump was rushed off stage with blood streaked across his face, while the shooter and a bystander were killed and two spectators injured.
The rand, which had strengthened in recent weeks, was trading weaker following the shock incident as the dollar surged.
Late last week the rand traded at R17.95/$, below the R18/$ mark, but post the shooting has risen to R18.23/$.
RAND VS MAJOR CURRENCIES
The table below depicts the rand exchange rate against five other major currencies.
They are the dollar (US dollar), pound, euro, Australian dollar (A$) and New Zealand dollar (NZ$).
| Dollar | R18.23/$ |
| Pound | R23.63/£ |
| Euro | R19.86/€ |
| Australian dollar | R12.29/A$ |
| New Zealand dollar | R11.03/NZ$ |
Exchange rates as at 07:30 on Tuesday, 16 July 2024