The South African Rand drifted higher against the U.S. dollar in European deals on Monday, amid surging commodity prices on hopes of stimulus measures by the central banks across the globe to limit the economic fallout of Brexit vote.
The South African Rand climbed to a 10-day high of 14.46 against the greenback, compared to last week’s closing value of 14.55. The Rand is likely to find resistance around the 13.6 zone.
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