Browsing: ZAR

The South African rand traded relatively stable against the US dollar, euro, and British pound as investors continue to assess developments surrounding the reopening of the Strait of Hormuz while digesting softer US inflation data.

South African rand (ZAR) is little changed against the US dollar ahead of key economic data scheduled for release on Thursday.  The local unit traded rangebound in yesterday’s session and is little changed this morning, First National Bank (FNB) said in a note.