So far this week, the rand has managed to edge higher. The local currency is benefitting from easing geopolitical tensions. And jobs data out of the US gave the rand an unexpected boost.
Let's take a closer look at what's going on with the rand…
It’s been a good week for the rand
The rand is getting closer to its longstanding resistance level of 10.50 to the dollar, says Fin24. The... ››› more
Disclaimer FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found on this website.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this website.