Week Ahead: Economy is forecast to have lifted out of technical recession in Q2.17 on improved industrial and trade sector performances
21 Aug 2018
The rand is presently trading at 12.90/US$ versus 13.07/US$ at the start of the week. This appreciation has occurred despite the US$ index trading stronger into the end of the week, after having reached the lowest level since January 2015 earlier in the week.
The rand is expected to trade in a range of R13.40/USD – R12.40/USD, R15.90/EUR - R14.90/EUR and R17.20/GBP - R16.20/GBP, in the week ahead.