The South African Rand moved up against the U.S. dollar in the European session on Tuesday, amid expectations that governments will announce stimulus measures to combat the global coronavirus outbreak.

U.S. President Donald Trump's economic stimulus plan also eased some of the worries about the growth outlook.

Trump said he will meet with Senate and House Republicans later today to discuss a possible payroll tax cut or "substantial relief" to offset the economic impact of the coronavirus outbreak.

The South African Rand hit a 4-day high of 15.75 against the greenback, from Monday's closing value of 16.08. Next key resistance for the South African Rand is seen around the 14.00 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.