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Find all the economic and financial information on our Orishas Direct application to download on Play StoreIn early trading on Wednesday, the South African rand rose slightly against the weak dollar. It should be inspired by global factors in the absence of local economic data.
The rand traded at 18.9950 against the dollar, more than 0.2%, at 06:34 GMT, stronger than its previous close of 19.0275. Rand Merchant Bank analysts have indicated that “there are new and significant pressures in both directions on USD/ZAR, but it seems happy around or just above the 19.00 level... but risks remain high on global pressures.” For its part, the dollar last traded at around 0.02% lower against a basket of global currencies
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