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South African rand strengthens against weaker dollar, supported by gold gains
The South African rand strengthened on Friday as gold prices edged higher and remained on course for a third weekly gain, while a weaker US dollar and the US Treasury's bond buyback initiative boosted sentiment toward risk-sensitive currencies and precious metals. At 0734 GMT the rand traded at 16.0550 against the dollar, about 0.4% up from its previous close.
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iol.co.za
Rand closes in on R16 as dollar weakness fuels rally
The rand was trading at R16.12 to the dollar in the early afternoon, with analysts pointing to a weaker US dollar and softer US data behind its recent gains.
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engineeringnews.co.za
South African rand flat as investors mull US Treasury move
The South African rand was flat in early trade on Thursday, as global investors avoided taking large positions while digesting a surprise US Treasury announcement aimed at…
