South African Rand At Near 2-month High Versus U.S. Dollar
22 February 2016 - 7:58PM
RTTF2
The South African Rand firmed against the U.S. dollar in
European deals on Monday, as commodities firmed along with oil.
Investors now await nation's 2016 budget to be tabled by Finance
Minister Pravin Gordhan on Wednesday.
The rand climbed to nearly a 2-month high of 15.2297 against the
greenback, compared to Friday's closing value of 15.3745. If the
rand extends rise, 14.00 is possibly seen as its next resistance
level.
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