JOHANNESBURG - The rand edged slightly stronger against the US dollar during European trade yesterday according to NKC Research.
The South African currency advanced amid a drop in longer-dated US bond yields and as China moved to soothe fears that the Trump-Xi trade truce was a failure. The trade-weighted US dollar weakened a tad and emerging market sentiment improved somewhat. At the close of local trade, the rand quoted 0.2 percent stronger at R13.80/$, after trading in the range of R13.73/$ - R13.88/$. The rand traded weaker overnight. Expected range today R13.80/$ - R14.05/$.
South African bourse