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USDZAR United States Dollar vs South African Rand

18.34465
-0.0599 (-0.33%)
Last Updated: 23:07:41
Delayed by 15 minutes
Name Symbol Market Type
United States Dollar vs South African Rand FX:USDZAR Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.0599 -0.33% 18.34465 18.30523 18.38407 18.45714 18.23056 18.413 0 23:07:41

South African Rand Ticks Up Against US Dollar

27/01/2010 1:22pm

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US Dollar vs ZAR (FX:USDZAR)
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The South African rand edged higher against the US dollar on Wednesday morning after a government report showed that the nation's inflation rose in December at a lesser pace than expected.

The rand rose 1 percent to 7.56 against the greenback by 8:00 am ET from a session's low of 7.6417. The domestic currency is approaching 7.5410 resistance in near-term, which could set its strongest mark in more than 5 days. The dollar-rand pair that closed yesterday's deals at 7.5811 is presently quoted at 7.5818.

The Statistics South Africa announced that the consumer price index or CPI rose 6.3% year-on-year in December, faster than the 5.8% growth in the previous month. Economists expected an increase of 6.4%.

On a monthly basis, the CPI increased 0.3% in December, after a flat reading in November. Economists were looking for an increase of 0.4%.

1 Year US Dollar vs ZAR Chart

1 Year US Dollar vs ZAR Chart

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1 Month US Dollar vs ZAR Chart

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