Rand Holds Steady as New US Envoy Named Amid Peace Talks
The rand held steady at 16.3325 per dollar following the appointment of Roelf Meyer as US ambassador. Markets also reacted to potential US-Iran peace talks.
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The South African rand (USD/ZAR) remained steady in early Wednesday trade as investors weighed the appointment of a new ambassador to the United States and the prospect of a second round of peace talks between Washington and Iran. At 0628 GMT, the currency was trading at 16.3325 against the dollar, holding firm from its previous close.
