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Foreign exchange market: The South African rand falls

24/04/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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As the dollar rose, at the start of a week when trading could be thinner and market conditions more volatile due to upcoming holidays, the South African rand fell in early trading on Monday.

The rand traded at 18.1350 per dollar, down about 0.2% at 0625 GMT, compared with Friday's close. The US currency was up 0.1% against a basket of rivals. This week's economic data includes the central bank's main business cycle indicator for February on Tuesday, the March producer price index on Wednesday, and money supply, trade, and budget figures for March on Friday.

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