20°C / 22°C
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Picture: pixabay.com

Us dollars

Rand slips back into range as trade jitters resurface

At 1545 GMT the rand was 0.17% weaker at 14.7640 per dollar, having hit a session-best 14.6600 in the initial reaction to Friday’s late-night decision by S&P Global Ratings to move the outlook to 'negative' from 'stable'.

  • The local currency has lost 22 percent of its value against the US dollar this year. Picture: Supplied.

    Rand hits three-week low

    The local currency has lost 22 percent of its value against the US dollar this year.