South African rand weakens as firmer dollar, oil jump weigh on sentiment
South African rand weakens as firmer dollar, oil jump weigh on sentiment
The South African rand weakened on Monday, pressured by a firmer U.S. dollar and a jump in oil prices, as escalating tensions between the United States and Iran weighed on global market sentiment. At 1334 GMT, the rand traded at 16.6925 against the dollar , down 0.5% from its previous close. The safe-haven U.S. dollar…
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The South African rand weakened on Monday, pressured by a firmer U.S. dollar and a jump in oil prices, as escalating tensions between the United States and Iran weighed on global market sentiment. At 1334 GMT, the rand traded at 16.6925 against the dollar , down 0.5% from its previous close. The safe-haven U.S. dollar…
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