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South African rand holds near multi-month high as Iran sanctions loom
The South African rand opened the week on a firm footing on Monday, hovering near its strongest level since the start of the Iran war, as a subdued dollar, higher gold prices and strength across emerging-market currencies supported the commodity-linked currency. At 0636 GMT, the rand traded at 15.99 against the dollar, up about 0.2% and not far from its strongest level since the start of the Iran war touched earlier in the session.
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engineeringnews.co.za
Timeline cronologica
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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…
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South African rand holds near multi-month high as Iran sanctions loom
The South African rand opened the week on a firm footing on Monday, hovering near its strongest level since the start of the Iran war, as a subdued dollar, higher gold prices and…