South African Rand Edges Up as Dollar Slips From 18-Month Peak
The rand edged higher in early trade on Thursday as the dollar slipped from an 18-month peak. Investors are looking ahead to next week's medium-term budget for clues on South Africa's fiscal outlook and credit rating prospects.
The South African rand gained slightly in early Thursday trading as the dollar eased from an 18-month high. Investors were also awaiting next week's medium-term budget for indications about the country's fiscal outlook and credit rating prospects.