CD South Africa: Rand knocking on 13/$ door

Currencies Direct August 18th 2015 - < 1 minute read

The rand broke through 12.89/$ to test new levels against the Greenback. We're now breathing down the neck of the 13/$ range, with more range-bound trade expected ahead of tomorrow's big release — the minutes of the US Federal Reserve's meeting. The rand's performance against the British pound is no better with the local unit hitting 20.19/£ yesterday. The data calendar is empty today as we await tomorrow's excitement, enjoy. 

Commentary by Gareth Frye

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Currencies Direct

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