South African Rand Off 2-day High Vs Dollar As Ruling Party Supports Zuma
April 05 2017 - 6:06AM
RTTF2
The South African Rand retreated from its early highs against
the U.S. dollar in the European session on Wednesday, following
news that the ruling ANZ party backed President Jacob Zuma after
calls from his allies for resignation, fueled by a deeply unpopular
cabinet reshuffle.
The rand that rose to a 2-day high of 13.46 against the
greenback in early deals eased to 13.86 and held steady thereafter.
The pair ended Tuesday's trading at 13.62.
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