South African Rand Slides To 5-day Low Against U.S. Dollar
April 18 2016 - 12:44AM
RTTF2
The South African rand drifted lower against the U.S. dollar in
early European deals on Monday, as oil continued its sell-off after
oil producers' meeting in Doha failed to agree on a deal to freeze
production.
The South African rand declined to a 5-day low of 14.75 against
the greenback, compared to last week's closing value of 14.54. The
rand may find support around the 16.00 zone.
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