Friday, April 19, 2024

South Africa’s rand hits firmest in more than 4 months as commodity currencies recover

South Africa’s rand climbed on Tuesday to its strongest against the dollar in more than 4 months, reflecting a recovery in commodity currencies as the price of crude appeared to stabilise.

The rand touched 14.4085 to the greenback, the firmest it has been since Dec. 7, according to Thomson Reuters data.

Credit: CNBC Africa


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