Rand remains vulnerable
- Global markets ended mixed yesterday as investors grew optimistic about European leaders’ ability to contain the region’s debt crisis, taking hope from the possibility of Chinese investment in the euro-zone bailout fund.
- The US dollar is currently trading at 1.39 to the euro, 1.60 to the pound and will buy 75.89 Japanese Yen or 7.86 South African Rand.
- Spot gold is currently trading at US$ 1720.53/oz and platinum at US$ 1595.75/oz. Brent crude oil is currently trading at US$ 110.53 per barrel.
Daily Financial Markets Report sources information from Business Day, Reuters, JSE Ltd and others.