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Rand stages comeback

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Cape Town - The rand staged a significant comeback on Wednesday after breaching R13.60/$ in the previous session, as pressure on emerging markets mounted.

By 15:05 the local unit was trading at R13.31 to the US dollar, 1.85% firmer than its overnight close in New York. It earlier reached a session low of R13.28 to the greenback.

The rand opened at R13.51/$ on Wednesday morning, with early Asian trade seeing a sharp reversal of the move that extended to R13.62 on Tuesday.

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ZAR/USD
17.37
(+0.66)
ZAR/GBP
22.66
(+0.77)
ZAR/EUR
20.49
(+0.23)
ZAR/AUD
12.46
(+0.38)
ZAR/JPY
0.16
(+1.11)
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