JOHANNESBURG - The South African currency swung between gains and losses although the local unit remained mostly at the mercy of broader market sentiment amid trade war uncertainty against a backdrop of lower global trading volumes according to NKC Research.
Local data releases confirmed a deterioration in business confidence, which weighed on the rand throughout most of the session. At the close of local trade, the rand quoted 0.44 percent weaker at R15.23/$, after trading in range of R15.14/$ - R15.23/$. The rand drifted lower overnight. Expected range today R15.10/$ - R15.45/$.
South African bourse