South African Rand Strengthens To More Than 4-week High Against U.S. Dollar
24 Maggio 2017 - 9:32AM
RTTF2
The South African Rand firmed against the U.S. dollar in the
European session on Wednesday, despite the release of weak
inflation data for April and South Africa's ruling African National
Congress denying the ouster of President Jacob Zuma at a meeting
this week.
Figures from Statistics South Africa showed that South Africa's
consumer price inflation eased at a faster-than-expected rate in
April to the lowest level in sixteen months.
The consumer price index climbed 5.3 percent year-over-year in
April, slower than the 6.1 percent rise in March. Economists had
expected the inflation to ease to 5.6 percent.
Meanwhile, ANC dismissed rumors that the committee would discuss
removing Zuma at the May 26-28 meeting.
The South African Rand climbed to 12.9552 against the greenback,
its strongest since April 24. The next possible resistance for the
Rand is seen around the 12.00 region.
Grafico Cross US Dollar vs ZAR (FX:USDZAR)
Da Mag 2024 a Giu 2024
Grafico Cross US Dollar vs ZAR (FX:USDZAR)
Da Giu 2023 a Giu 2024
