Rand firms below R19/$ as power cuts ease
The rand strengthened below R19 to the US dollar for the first time in three weeks on Wednesday, as a weakening greenback and an easing of rolling power cuts boosted the currency.
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The rand strengthened below R19 to the US dollar for the first time in three weeks on Wednesday, as a weakening greenback and an easing of rolling power cuts boosted the currency.
The South African rand strengthened below 19 to the US dollar for the first time in three weeks on Wednesday, as a weakening greenback and an easing of rolling power cuts, known as loadshedding, boosted the currency. The rand firmed more than 1% at 18.975 to $1, its strongest level since May 16, before retreating to 19.04 at 12:33 GMT.
JOHANNESBURG (Reuters) -The South African rand strengthened below 19 to the U.S. dollar for the first time in three weeks on Wednesday, as a weakening greenback and an easing of rolling power cuts boosted the currency. | Jun. 07
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