South African Rand Drops To 2-month Low Against U.S. Dollar
May 19 2016 - 6:25AM
RTTF2
The South African Rand slipped against the U.S. dollar in the
New York session on Thursday, as emerging assets were hammered on
growing prospectus for a Fed rate hike in June.
The South African Rand declined to 15.98 against the greenback,
its lowest since March 16. At yesterday's close, the pair was worth
15.85. On the downside, 17.00 is likely seen as the next support
level for the rand.
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