JOHANNESBURG - The rand hovered around the R13.80/$ level during yesterday’s European trading session according to NKC Research.
The South African currency eased after Eskom intensified its controlled power cuts, triggering a sharp selloff in the previous session. In the wake of another buoyant US dollar performance, investors also had to contend with somewhat disappointing local data releases, which showed the official unemployment rate dropped only marginally in Q4 2018, while manufacturing production practically halted on an annual basis in December. At close of local trade, the rand quoted 0.2 percent stronger at R13.76/$, after trading in range of R13.73/$ - R13.85/$. The rand traded firmer overnight. Expected range today R13.60/$ - R13.80/$
South African bourse