JOHANNESBURG - The rand oscillated between gains and losses against the US dollar during the European session according to NKC Research.
Cautious optimism regarding trade talks between the US and China lifted risk sentiment during early trade, providing reprieve to the embattled rand. Renewed geopolitical tensions dampened emerging market sentiment during the previous week, which drove investors towards safe-haven currencies. At the close of local trade, the rand quoted 0.3 percent weaker at R14.21/$, after trading in range of R14.15/$ - R14.29/$. The rand traded stable overnight. Expected range today R14.00/$ - R14.40/$.
South African bourse