South Africa's rand firmed against the dollar on Wednesday after softer-than-expected inflation bolstered the case for local lending rates to remain on hold. At 1526 GMT the rand gained 0.37 percent to 11.8640 per dollar, pulling away from the crucial 12.00 mark after April headline inflation quickened to 4.5 percent year-on-year, slightly below expectations.
Comments
Comments are closed.