South African Rand Climbs To 1-week High Versus U.S. Dollar
July 01 2016 - 4:43AM
RTTF2
The South African Rand drifted higher versus U.S. dollar in
European trading on Friday, as emerging market assets were
supported on hopes for more stimulus by central bankers across the
globe.
The South African Rand advanced to a weekly high of 14.5530
against the greenback, compared to yesterday's closing value of
14.7113. The next possible resistance for the rand may be located
around the 13.00 zone.
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