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Currency: the US dollar is closed, the rand is stable

17/11/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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This Monday, the US dollar strengthened as Investors are expecting an avalanche of American economic data. Of For its part, the South African rand remains stable.

The dollar strengthened slightly on Monday, the investors preparing for the release of a series of economic data American countries following the end of the government shutdown, in the hope of seeing More clear on the Federal Reserve's next rate decision of interest in December. The Australian dollar lost 0.24% at $0.6521 and the New Zealand dollar fell 0.18% to 0.5670 dollars.

“Bookman Old Style”, Serif">The Rand South Africa maintained its position at the start of the session on Monday, ignoring the first improvement in the country's credit rating by S&P Global since 2005 - a transition from BB- to BB with a positive outlook - while investors were now focused on the decision Impending interest rates this week.

At 7:21 GMT, the rand traded at 17.07 against the US dollar, a level almost unchanged by compared to its close on Friday.

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