Home Economy Rand strengthened positions against the US dollar

Rand strengthened positions against the US dollar

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South African currency showed a strengthening against the US dollar during European trade yesterday. Rand recovered after a position losing due to a wide sell-off of emerging market currencies.

In early 2019, the rand weakened slightly due to fears related to the slowdown in global economic growth amid controversy between the United States and China.

The South African national currency strengthened at the end of local trade by 0.4% to R14.46 / $. Today, analysts predict the rand value in the range of R14.15 / $ – 14.45 / $.

The situation on the South African bourse is also changing for the better. The JSE All share by the end of trading showed an increase due to growth in large retail and industrial shares.

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