Currency: The South African rand appreciates against the fall of the dollar : Orishas-finance

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Currency: The South African rand appreciates against the fall of the dollar

17/04/2023

Source : ORISHAS FINANCE

Categories: Economy/Forex

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Currency: The South African rand appreciates against the fall of the dollar

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As the U.S. currency slipped across global markets, with local investors focusing on inflation data this week, the South African rand gained against the dollar in early trading on Monday.

The rand traded at 18.0275 at 07:00 GMT against the dollar, about 0.2% stronger than its closing level on Friday. There is no major economic data in South Africa on Monday, so the rand is likely to follow the movements of the dollar.

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