(Bloomberg) -- South Africa's rand rose on
speculation the country's central bank will keep raising interest
rates, boosting the yield advantage of local assets.
The currency of Africa's largest economy held above 7 per
dollar for a third day as prices for the commodities that make up
about a fifth of exports rose, helping to boost the stock
exchange. The rand may extend gains on speculation rising oil
prices will underpin arguments for higher rates next month.
Read more at Bloomberg Currencies News
speculation the country's central bank will keep raising interest
rates, boosting the yield advantage of local assets.
The currency of Africa's largest economy held above 7 per
dollar for a third day as prices for the commodities that make up
about a fifth of exports rose, helping to boost the stock
exchange. The rand may extend gains on speculation rising oil
prices will underpin arguments for higher rates next month.
Read more at Bloomberg Currencies News
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