empty
 
 

2020.03.1011:46:00UTC+00South African Rand Rises To 4-day High Against U.S. Dollar

The South African Rand moved up against the U.S. dollar in the European session on Tuesday, amid expectations that governments will announce stimulus measures to combat the global coronavirus outbreak.

U.S. President Donald Trump's economic stimulus plan also eased some of the worries about the growth outlook.

Trump said he will meet with Senate and House Republicans later today to discuss a possible payroll tax cut or "substantial relief" to offset the economic impact of the coronavirus outbreak.

The South African Rand hit a 4-day high of 15.75 against the greenback, from Monday's closing value of 16.08. Next key resistance for the South African Rand is seen around the 14.00 level.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback