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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAs the US dollar moved away from an 11-week high reached the day before on reduced expectations of an early cut in interest rates by the Federal Reserve, the South African rand strengthened modestly & In the first exchanges this Tuesday
.The rand traded at 19,000 against the dollar at 06:20 GMT, about 0.4% stronger than Monday's close. The dollar index was down 0.24% to 104.33. It hit 104.60 in the last session, the highest level since Nov. 14, as traders reduced bets that the Fed would aggressively cut interest rates this
year.
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