JOHANNESBURG - The rand whipsawed during yesterday’s European trading session according to NKC Research.
The South African currency slipped in early trade after the US dollar regained momentum posting fresh gains against a basket of currencies. However, the rand managed to claw back early losses as optimism over US-China trade talks boosted risk sentiment. At the close of local trade, the rand quoted 0.25 percent stronger at R13.91/$, after trading in the range of R13.90/$ - R14.04/$. The rand traded little changed overnight. Expected range today R13.80/$ - R14.00/$.
South African bourse