South African Rand At 3-1/2-month High Against U.S. Dollar
30 March 2016 - 9:27PM
RTTF2
The South African Rand strengthened against the U.S. dollar in
early New York deals on Wednesday, as dovish comments from the Fed
Chair Janet Yellen bolstered the appeal of emerging market
assets.
The rand climbed to 14.82 against the greenback, its strongest
since December 2015. If the rand rises further, 13.00 is possibly
seen as its next resistance level. At yesterday's close, the pair
was worth 15.14.
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