HomeBusinessRand in holding pattern as traders await trade figures

Rand in holding pattern as traders await trade figures

-

JOHANNESBURG — The rand maintained its recent trading range yesterday before the release of the closely watched domestic trade balance data at 2pm and the conclusion of the two-day United States Federal Reserve policy meeting in the evening.

The trade balance, including South Africa’s trade with Botswana‚ Lesotho‚ Namibia and Swaziland was expected to have recorded a R1,1bn deficit in March following a R1,7bn surplus in February, economists surveyed by BDpro said.

At 11:51am the rand was at R10,5539 to the dollar from Tuesday’s close of R10,5491.

Against the euro, the rand was at R14,5890 from a previous close of R14,5689 and was at R17,7472 to the pound from a previous close of

R17,7449. The euro remained unchanged at $1,3823 from $1,3810 at Tuesday’s close.

— BD Live

Recent Posts

Stories you will enjoy

Recommended reading