South Africa's rand firms 1 pct against dollar

by Reuters 12 views0

S.Africa's rand eases after Fed taper decision

South Africa’s rand firmed 1 percent against the dollar in early trade on Thursday, recovering from a nearly 4-week low hit in the previous session as investors fretted about the ailing economy.

At 0530 GMT, the rand traded at 14.8650 per dollar compared to Wednesday’s New York close of 15.0150, which was its weakest level since April 8, according to Thomson Reuters data.