South Africa’s rand extends gains against ailing dollar

South Africa’s rand extended gains against an ailing dollar on Monday, as U.S. political ructions pushed the greenback close to a 13-month low against a basket of major currencies.

At 0700 GMT, the rand was fetching 12.9150/dollar, 0.15 percent firmer.

In fixed income the benchmark yield was unchanged at 8.515 percent.

Stocks opened firmer with the top-40 index up 0.58 percent.

Reporting by Ed Stoddard; editing by John Stonestreet – Reuters

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Bank & Finance




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