South African Rand Climbs To 10-day High Against U.S. Dollar
June 20 2016 - 3:26AM
RTTF2
The South African Rand firmed against the U.S. dollar in
European trading on Monday, as the latter fell across the board,
while higher oil prices and global stocks rally on reducing fears
over a potential British exit from the European Union also
aided.
Reversing from an early low of 15.0932 against the greenback,
the rand climbed to a 10-day high of 14.8551. The rand is likely to
find resistance around the 13.5 region. The pair finished Friday's
trading at 15.1130.
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