WATCH: Rand strengthens due to lower US retail sales figures
File image: IOL
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JOHANNESBURG – The rand strengthened following lower-than-expected US Retail Sales figures which came in at +0.1 percent compared to the +0.6 percent consensus forecast according to Paul Muller the Corporate Treasury Manager at Peregrine Treasury Solutions.
This caused the US dollar to weaken against all major currencies.
There are no local and market-moving international data due today.
The bias on the rand is stronger with the expected range between R14.25/$ and R14.45/$.
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Source: iol.co.za