"We saw some exporter interest when the rand hit the R10.50/$ level which helped cap further weakness in the local unit‚" Nedbank head of spot forex trading William Van Rijn said.
"At the moment‚ the market is relatively quiet (and) characterised by a lack of liquidity‚" Van Rijn said.
At 12.06am‚ the rand was bid at R10.3977 to the dollar from Tuesday's (27 August) close of R10.3833.
Against the euro‚ the rand was bid at R13.9050 from its previous close of R13.9119 and was at R16.1069 against sterling from R16.1524 at its previous close.
The euro was bid at US$1.3373 from US$1.3391 at Tuesday's close and $1.3373 at Monday's close.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
