Yesterday, the rand initially traded weaker before recovering to the current levels sub-15,0000 in the New York session.
The rand again fails to consolidate gains despite decent inflows of USD; this morning, it is currently trading at 15,0750.
The rand opened the week positively around the 14,9000 level but fails to consolidate as appetite for risk diminishes; it is currently around the 15,0700 level.
The rand is kicking off the month with a marginally improved bias, managing a sub-15,0000 close to the week; this morning, it remains in positive territory although off its best levels.
The rand this morning is trading largely unchanged from the same time yesterday at 15,1100, although off its best levels of yesterday sub 15.0000.
The rand continues to trade on the back foot as any signs of recovery are met with renewed demand for USD.