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Foreign exchange market: the rand is weakening

26/10/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Avant les chiffres de l' inflation des Producers in September, the South African rand weakened in the first trades on Thursday. It is being pulled down by a stronger dollar.

Le Rand traded at 19,2150 at 06:24 GMT against the dollar, about 0.5 percent weaker than its previous close. Analysts expect inflation of 4.7% year-on-year in September and 1.1% month-on-month. The dollar last traded at around 0.2% stronger against a basket of global currencies

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