DStv Channel 403 Tuesday, 05 November 2024

Rand strengthens to near 13-month high

 

JOHANNESBURG - The Rand is getting stronger and stronger.

It has improved to a nearly 13-month high, ahead of domestic inflation data on Wednesday.

The currency traded firmer at R17.73c against the US dollar.

This is a level not seen since late July 2023.

The greenback meanwhile, was down 0.46% against a basket of global currencies.

Investors are set to look at SA's July inflation figures this week, for hints on the Reserve Bank's future interest rates path.

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