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.