South African rand slips as stronger dollar and oil supply risks weigh
JOHANNESBURG: The South African rand weakened in early trade on Wednesday as a stronger US dollar reduced demand for risk-sensitive assets, while concerns over oil supply risks kept investors cautious. At 0635 GMT the rand traded at 16.5850 against the dol...
JOHANNESBURG: The South African rand weakened in early trade on Wednesday as a stronger US dollar reduced demand for risk-sensitive assets, while concerns over oil supply risks kept investors cautious. At 0635 GMT the rand traded at 16.5850 against the dollar , about 0.3% down from its previous close. The US dollar index edged higher as investors awaited the minutes of the Federal Reserve’s September meeting f...