South Africa's rand clawed back some losses against the dollar on Monday, boosted by strength on global stock markets and higher metals prices, but was seen remaining under pressure ahead of key data this week.
The domestic currency was weak against the euro, the currency of its main trading partner, and not far off a 4-1/2 month low against the greenback despite paring back some of its recent losses.
The unit was trading at 7.4361 to the dollar at 1515 GMT, 0.5 percent stronger than its previous New York close of 7.4775 after bouncing between 7.5120 and 7.41 during the day.
It was at 9.8850 against the euro, just off a 5-1/2 month trough touched on Friday.
Read more at Reuters South Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment