The Rand has traded at relatively low levels around R14.50 against the dollar for the past three weeks, despite the strong dollar, which has often kept the rand afloat.
It could be said that the strength of the dollar is due to the rapid and rapid increase in interest rates in the US, which attracts interest for the dollar.
To date, however, the rand has fallen nearly 2%, gaining a strong dollar and trading around R15.60 at the start of the JSE trade.
This comes after the rand was still trading below R15 to the dollar during yesterday’s session.
Rand depreciates slightly against US dollar – SABC News
Source link Rand depreciates slightly against US dollar – SABC News