MARKET WRAP: Rand hits best level in six weeks

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Local markets will be watching SA GDP and current account data this week

The rand firmed to its best levels in six weeks on Monday as Beijing’s reopening after lockdowns to control an outbreak of Covid-19 boosted investor sentiment.

China announced a further easing of curbs in Beijing over the weekend, after declaring at the end of May that the latest outbreak of the virus was under control...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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