Answer:
Explanation:
uth Africa's rand traded around 14.8 per USD at the end of March, its highest level since March 22th, amid a slightly softer dollar and despite the reimposition of tighter domestic lockdown restrictions ahead of the long Easter weekend. Market sentiment was supported by prospects of a global economic recovery amid upbeat PMI Chinese data while President Biden is expected to unveil a massive infrastructure plan as part of his economic relief package to boost the US economy. On the domestic economic front, South Africa's trade surplus came in better-than-expected in February. The rand headed for a 2.2% monthly gain. .
