South African Rand Rises To 4-day High Against U.S. Dollar
10 Marzo 2020 - 8:46AM
RTTF2
The South African Rand moved up against the U.S. dollar in the
European session on Tuesday, amid expectations that governments
will announce stimulus measures to combat the global coronavirus
outbreak.
U.S. President Donald Trump's economic stimulus plan also eased
some of the worries about the growth outlook.
Trump said he will meet with Senate and House Republicans later
today to discuss a possible payroll tax cut or "substantial relief"
to offset the economic impact of the coronavirus outbreak.
The South African Rand hit a 4-day high of 15.75 against the
greenback, from Monday's closing value of 16.08. Next key
resistance for the South African Rand is seen around the 14.00
level.
Grafico Cross US Dollar vs ZAR (FX:USDZAR)
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Grafico Cross US Dollar vs ZAR (FX:USDZAR)
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