Rand slides ahead of state of the nation address
Feb11

Rand slides ahead of state of the nation address

The rand weakness comes despite the dollar weakening following Federal Reserve chairwoman Janet Yellen’s first day of testimony to Congress. Ms Yellen’s remarks were interpreted to mean that there would be no rate increase in March. At 8.33am‚ the rand was at R15.9140 against the dollar from a previous close of R15.8836. Against the euro‚ the rand was at R17.9815 from R17.9428 and was at R23.1075 against the pound from R23.0800...

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