South African rand holds near 5-wk high; stocks set to open lower

by | November 28, 2017 10:55 am

South Africa’s rand steadied against the dollar early on Tuesday, holding near a five-week high touched in the previous session after the country avoided a double downgrade of its local currency debt.   At 0640 GMT, the rand traded at 13.7600 per dollar, unchanged from its New York close on Monday,Reuters reports.   The currency hit…

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