Zuma Conclusion Lifts Rand To Near 3-Year High

After months of ongoing speculation, the overnight climax with Jacob Zuma resigning from his position as President of South Africa has lifted the Rand to its highest level since March 2015. The Rand has now advanced by nearly 2.4% against the Dollar this week, and has strengthened against all of the G10 currencies throughout the same period,at time of writing. While ongoing Dollar weakness across the currency markets has supported gains in the Rand, the fact that it has managed to also advance against the G10 currencies suggests that the confirmation of Zuma vacating his position has benefited overall investor sentiment towards South Africa.

Source:: Zuma Conclusion Lifts Rand To Near 3-Year High

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