South Africa's rand weakened today as gains Rand encouraged the Central Bank and importers to take advantage of stronger currencies and buy dollars.
Rand crowd could hurt the country's exports, but the Central Bank have limited resources to reduce the currency's gains. Gill said Marcos, Governor of the Central Bank, and that there is no "easy solution", and measures to reduce the advance of the Rand could be "costly." Currency rose earlier on behalf of the U.S. Federal Reserve signaled it will keep interest rates low for an extended period of time, and increasing demand for higher-yielding currencies.
Dollar / Gold visited up until 7036 as of 10:36 today 7064 GMT, after falling earlier to 6996.
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