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eduard
3 years ago
14

Explain what happening in the graph with value of rand​

Business
1 answer:
andrezito [222]3 years ago
8 0

Answer:

Explanation:

uth Africa's rand traded around 14.8 per USD at the end of March, its highest level since March 22th, amid a slightly softer dollar and despite the reimposition of tighter domestic lockdown restrictions ahead of the long Easter weekend. Market sentiment was supported by prospects of a global economic recovery amid upbeat PMI Chinese data while President Biden is expected to unveil a massive infrastructure plan as part of his economic relief package to boost the US economy. On the domestic economic front, South Africa's trade surplus came in better-than-expected in February. The rand headed for a 2.2% monthly gain. .

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