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The rand is strengthening for a second consecutive week, holding below R16 to the dollar as high South African interest rates, a weaker US dollar and improved risk appetite support the currency.
RAND

Rand holds below R16 as gains extend into second week

The rand is trading below R16 to the US dollar as higher South African interest rates, a weaker dollar and improved investor sentiment support a second consecutive week of gains.

  • Ashley Lechman
7 min read