South African rand weakens ahead of budget, trade balance data

South Africa’s rand weakened against the dollar in early trade on Friday, ahead of the November budget and trade balance figures that could give clues on the health of the local economy. At 0632 GMT, the rand ZAR=D3 traded at 16.9875 against the dollar, 0.22% weaker than its previous close. The dollar index =USD, which … Continue reading South African rand weakens ahead of budget, trade balance data