The South African rand gained today, ending the
The Standard & Poor’s GSCI Index of 24 raw materials rose 1 percent, following the yesterday’s decline by 1.7 percent, while the MSCI Emerging Markets Index advanced 0.4 percent. South Africa’s benchmark stock index gained after two days of losses. Greece confirmed budget cuts and increased asset sales to avoid default.
USD/ZAR fell to 6.9710 from 6.9990 today as of 13:35 GMT after it jumped yesterday as high as 7.0180.
If you have any questions, comments or opinions regarding the South African Rand, feel free to post them using the commentary form below.