News24 Business front pageSouth Africa’s rand is on track for a sixth consecutive week of declines versus the dollar — but there are indications the selloff may be about to ease.
The tide may be turning. Investors largely welcomed Finance Minister Enoch Godongwana’s plan for embattled Eskom, which spurred a brief rally in the rand and the biggest foreign bond inflows in nearly two weeks on Thursday. Traders have also begun to bet that a weaker US dollar will cool some price pressures that have been evident globally — which would support the rand’s prospects.
The rand is the most undervalued emerging-market currency apart from Russia’s ruble. That’s according to the Big Mac currency valuation — a survey created by The Economist magazine in 1986 to measure purchasing power parity between nations, using the price of a McDonald’s Big Mac as the benchmark.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
South Africa’s R18bn muti market goes mainstreamA Durban entrepreneur wants to bring the R18bn muti market to major pharmacy retail chains
Herkunft: FinancialMail - 🏆 20. / 63 Weiterlesen »
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »