The rand firms as central bank keeps rates on hold
JOHANNESBURG – South Africa’s rand firmed on Thursday, supported by a weaker dollar and the central bank’s decision to keep the repo rate unchanged, while stocks edged lower.
The U.S. dollar eased against other major currencies, with investors focused on the latest developments in a 16-month long trade dispute between the United States and China that has weighed on the world economy.
At 18:50 the rand was 0.59% firmer at 14.7000 per dollar.
Source: iol.co.za
