Rand at its high­est in two months

The Star Early Edition - - BUSINESS REPORT -

THE RAND rose to its high­est in two months yes­ter­day, gain­ing as much as 2 per­cent, ben­e­fit­ing from a brighter com­modi­ties out­look and un­cer­tainty about the out­look for US eco­nomic pol­icy that has favoured emerg­ing mar­ket cur­ren­cies. At 5pm, the rand was bid at R13.4457 to the dollar, 18.09c firmer than at the same time on Mon­day. The 5pm bid was just a touch weaker than yes­ter­day’s ses­sion high of R13.41, its high­est level since Novem­ber 10. - Reuters

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.