Rand strengthens below R16 as weaker dollar, gold gains boost currency

Cape Town – The rand strengthened to below R16 to the dollar on Friday, recovering losses linked to the Iran conflict as the US dollar weakened amid plans by the US Treasury to buy back longer-term debt. BREAKING: South African Rand Gains Below 16 Per Dollar, Erasing War Losses pic.twitter.com/xNRSmkA3xV — Leader Alpha (@LeaderAlphaNews) August 21, 2026 The currency rose... Read more → The post…