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Foreign exchange market: The South African rand strengthened on Wednesday

12/04/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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While the dollar weakened ahead of the US inflation data, the South African rand strengthened in early trading on Wednesday.

The rand traded at 18.3675 at 06:53 GMT against the dollar, 0.11% stronger than its previous close. According to a Reuters survey of economists, the US consumer price index should show that core inflation in March increased by 0.4% on a monthly basis and 5.6% year-on-year.

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