South African rand dips as dollar dominates, stocks inch up



At 1515 GMT the rand was 0.23% weaker at 14.1825 per dollar, having traded as firm as 14.0675 early in the session before dollar bulls came online in New York and were lured into long positions.


Picture: Pixabay.com.

JOHANNESBURG – South Africa’s rand weakened on Monday as a recent rally gave way to a resurgent dollar boosted by climbing US treasury yields and a dip in risk demand, as trade war concerns resurfaced.

Stocks began the week marginally higher, buoyed by general retailers.

At 1515 GMT the rand was 0.23% weaker at 14.1825 per dollar, having traded as firm as…

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