At 1020 GMT, the rand traded at 18.0425 against the dollar , around 0.5% stronger than its previous close.
Andre Cilliers, currency strategist at TreasuryONE, said given the pace of its recent rally, the rand could consolidate around 18 to the dollar, pointing to fairly healthy dollar demand late on Wednesday when South African importers took advantage of better hedging levels.
Source: Loan Digest (loandigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa Fights to Keep AGOA Benefits - South African News Briefs - July 13, 2023
Source: allafrica - 🏆 1. / 99 Read more »
South African manufacturing output up 2.5% y/y in MaySouth Africa's manufacturing output rose 2.5% year on year in May after rising by a revised 3.6% in April, statistics agency data showed on Tuesday.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
Profmed: 'We are South African' storytelling seriesAt the heart of the We Are South African series is the idea that we are all heroes. We are surrounded by heroes. Profmed_SA
Source: TheSAnews - 🏆 25. / 59 Read more »
South African manufacturing 2.5% higher than in May last yearManufacturing output increased by 2.5% year-on-year in May, according to data from Statistics South Africa published on Tuesday.
Source: mailandguardian - 🏆 2. / 92 Read more »
South African rand firms on strong local data, weak dollarSouth Africa's rand strengthened on Tuesday following improved local manufacturing output and a weak dollar spurred by expectations of an end to rate hikes in the U.S.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
IN PICS | South African hotel makes top 10 most beautiful tennis club listThe majestic Mount Nelson proves to be a local and international gem.
Source: TimesLIVE - 🏆 28. / 59 Read more »