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Foreign exchange market: the South African rand on the rise

29/02/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Before the release of a series of local economic data, the South African Rand strengthened slightly early on Thursday.

The rand traded at 19.2400 against the US dollar at 0634 GMT, 0.13% stronger than its previous close. Central bank data earlier showed that January's M3 money supply growth in South Africa was 6.58% year-on-year and credit growth was 3.16% year-on-year

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