JOHANNESBURG - The rand traded on a firmer footing during the European session yesterday according to NKC Research.
The rand was supported by a better-than-expected manufacturing activity release for April and improving external conditions as risk sentiment eased this week on the back of the US-Mexican trade agreement reached over the weekend. At the close of local trade, the rand quoted 0.7 percent stronger at R14.69/$, after trading in range of R14.65/$ - R14.83/$. The rand extended gains overnight. Expected range today R14.50/$ - R14.80/$.
South African bourse