South African Rand Edges Up as Dollar Weakens
The rand edged higher in early trade on Friday as the dollar weakened. Investors are watching 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 trading on Friday as the dollar lost ground. Investors were watching next week's medium-term budget for indications about the country's fiscal outlook and credit-rating prospects.