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Currency: The South African rand strengthens against a weaker dollar

27/02/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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While the dollar weakened ahead of key US economic data, the South African rand strengthened early on Tuesday, in line with other emerging market currencies.

At 0747 GMT, the rand traded at 19.2475 against the dollar, about 0.25% stronger than its previous close. The dollar index was down by about 0.08% against a basket of global currencies as markets looked to a week of U.S. data that will provide new signals about when the Federal Reserve could start cutting interest rates

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