Rand closed 1.7% stronger
Rand Source: Google Images The signing of the US $1.9 trillion relief package into law by President Biden and declining US bond yields saw the Dollar trade on the back foot and risk currencies firm last night. The Rand closed 1.7% stronger at 14.8229, having briefly tested close to the 14.8000 level, but the local currency has slipped a bit this morning to be trading at 14.9050 as bond yields and the Dollar tick higher. Gold has slipped off yesterday’s stronger levels, trading at $1 719 while Platinum is a touch firmer at $1 209, and Palladium softer at $2 353. Oil is trading marginally lo...
Source: cbn.co.za