South African Rand Slides To Near 2-week Low Versus U.S. Dollar
December 15 2016 - 12:27AM
RTTF2
The South African Rand lost ground against the U.S. dollar in
the European session on Thursday, as the latter was buoyed by the
Fed's decision to raise interest rates by 25 basis points and
indicating aggressive pace of tightening in 2017.
The Rand declined to near a 2-week low of 14.10 against the
greenback, from a high of 13.91 hit at 5:30 pm ET. The rand is
likely to locate support around the 15.00 zone.
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