Foreign exchange market: the South African rand gains ground in early trading on Tuesday : Orishas-finance

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Foreign exchange market: the South African rand gains ground in early trading on Tuesday

11/04/2023

Source : ORISHAS FINANCE

Categories: Economy/Forex

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Foreign exchange market: the South African rand gains ground in early trading on Tuesday

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Avant les données locales sur l' industrie manufacturière attendues plus tard dans la journée, le rand South African won against a weaker dollar in early exchanges Tuesday.

The rand traded at 18.3975 at 07:16 GMT against the dollar, about 0.5% stronger than its previous close. After strong increases the day before, the Dollar Index, which measures the currency against six rivals, was down about 0.2%. Data released Tuesday indicates that South Africa's net foreign reserves increased to $55.229 billion in March from $54.084 billion in February.

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