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MARKET WRAP: Rand loses for fifth day but JSE lifted by improved sentiment

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The rand has lost 5.02% to the dollar so far in April, and is down more than 25% in 2020, according to Infront data

The rand fell against the dollar for a fifth successive day on Friday, despite improved global investor sentiment on initial plans to open up the US economy, and reports of a potentially effective Covid-19 treatment.

The local currency, which is down 3.8% against the dollar this week, according to Infront data, has taken a knock as the pandemic continues to threaten the global economy and financial markets, with investors remaining fairly cautious.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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