(Reuters) - South Africa's rand reversed earlier losses against the dollar and firmed on Wednesday as a retreat in U.S. Treasury yields offset the impact of dollar-friendly U.S. retail sales data.
The dollar rose to a 4-1/2 year high against the yen, buoyed by figures which showed U.S. retail sales growth in May as the highest since January 2006, signalling a pickup in economic growth.
Read more at Reuters Africa
The dollar rose to a 4-1/2 year high against the yen, buoyed by figures which showed U.S. retail sales growth in May as the highest since January 2006, signalling a pickup in economic growth.
Read more at Reuters Africa
No comments:
Post a Comment