South African rand holds near early-March highs near 16.2/USD
The South African rand traded around 16.2 per USD, near its highest since early March, as a subdued dollar and firmer gold coincided with inflation moderating to 4.3% in July.
2 per USD, holding near its highest since early March, supported by a subdued dollar and rising prices of gold. Meanwhile, the latest domestic inflation figures signaled a moderation in price pressures. 5%. 1% in June.