South African Rand Firms To 5-day High Against U.S. Dollar
04 November 2019 - 6:19AM
RTTF2
The South African Rand appreciated against the U.S. dollar in
the European session on Monday, as Moody's kept the nation's credit
ratings at 'Baa3,' one step above junk.
On Friday, Moody's affirmed its sovereign debt ratings at Baa3,
but changed its outlook to negative from stable.
The South African currency advanced to a 5-day high of 14.75
against the greenback from last week's closing value of 15.00. Next
key resistance for the South African Rand is seen around the 13.00
level.
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