South African Rand Rises on Weaker US Dollar
The South African rand strengthened against the dollar as gold prices rose toward a weekly gain. A softer greenback and US bond buybacks boosted emerging market sentiment.
Xurve View
Insights:
Xurve View
The South Africa currency strengthened 0.4% to 16.0550 against the dollar during Friday morning trade, driven by higher bullion prices. It marks a third consecutive weekly gain for the local unit.
