JOHANNESBURG - The rand traded on the front foot during the European session, benefiting from improving risk sentiment yesterday as trade tensions between the US and Mexico eased according to NKC Research.
The local unit partially clawed back losses suffered over a tumultuous previous week, firming to dip below the psychological R15/$ threshold. At the close of local trade, the rand quoted 1.1 percent stronger at R14.78/$, after trading in range of R14.78/$ - R14.98/$. The rand oscillated in a tight range overnight. Expected range today R14.65/$ - R14.90/$.
South African bourse