(Bloomberg) -- The South African rand traded near its highest in almost four months on speculation a report showing quickening inflation will prompt the central bank to resume raise interest rates, boosting the appeal of local assets.
The currency has risen 2.6 percent in the past month and last week traded above 7 per dollar for the first time since Jan. 4, buoyed partly by speculation higher rates may prompt investors to continue with so-called carry trades. Inflation probably quickened to 5.5 percent last month, from 4.9 percent in February, according to a Bloomberg News survey of economists.
Read more at Bloomberg Currencies News
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