South African Rand coins are seen in this illustration picture taken November 5, 2020. REUTERS/Mike Hutchings/Illustrationfirmed on U.S. housing data.The dollar index , which measures the U.S. currency against six major rivals, rose 0.156% to 102.64.
The rand lost over 7% against the greenback in May, but it has managed to recover those losses in June on the back of less intense power cuts by state utility Eskom.for April dropped 1.0% month-on-month, falling for the fourth consecutive month this year, data showed on Tuesday. The indicator collects data on vehicle sales, business confidence, money supply and other factors to gauge the outlook for Africa's most industrialised economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: