South African Rand At More Than 19-month High Versus U.S. Dollar
March 20 2017 - 3:56AM
RTTF2
The South African Rand drifted higher against the U.S. dollar in
evening deals on Monday, as the latter weakened across the board in
reaction to the G-20 decision to omit the pledge to resist trade
protectionism.
The South African Rand firmed to 12.63 against the greenback,
its strongest since August 2015. If the South African Rand extends
rise, 11.5 is likely seen as its next resistance level. At Friday's
close, the pair was valued at 12.70.
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