SA Rand Rises

Wednesday, January 17, 2018

JOHANNESBURG – South Africa’s rand rose to its strongest since July 2015 yesterday as it crossed crucial technical points and ignited offshore buying interest. At 1508 GMT, the rand was up 0,28 percent to 12,260 against the dollar. Earlier in the session, the rand reached 12,1950 per dollar, a new two-and-a-half year best, driven by what traders said was a conducive global environment and low liquidity that pushed the currency past the long-time target of 12,2300.

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