The South African Rand appreciated against the U.S. dollar in the European session on Monday, as Moody's kept the nation's credit ratings at 'Baa3,' one step above junk.

On Friday, Moody's affirmed its sovereign debt ratings at Baa3, but changed its outlook to negative from stable.

The South African currency advanced to a 5-day high of 14.75 against the greenback from last week's closing value of 15.00. Next key resistance for the South African Rand is seen around the 13.00 level.

US Dollar vs ZAR (FX:USDZAR)
Gráfica de Divisa
De Ago 2020 a Sep 2020 Haga Click aquí para más Gráficas US Dollar vs ZAR.
US Dollar vs ZAR (FX:USDZAR)
Gráfica de Divisa
De Sep 2019 a Sep 2020 Haga Click aquí para más Gráficas US Dollar vs ZAR.