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The rand had a steady-to-slightly-firmer week, rather than a major move in either direction

The rand traded in a fairly subdued fashion during Wednesday’s session, with overall market activity remaining limited

The rand put in a solid performance in yesterday’s session, trading in a tight range between R16.22-25/$, but has slipped overnight

Global events once again played a big role in shaping the economic picture in May

On Friday, the rand had a good day trading from an opening level of 16.23 to a low of 16.18

Already the 4th of May and we see no progress in the Middle East crisis