The rand was a little weaker late on Friday, but remained around R17 to the dollar, having gained nearly 2% this week as some positive economic data offset concern over the increasing number of Covid-19 cases.
General market sentiment has been given a boost this week by the positive data, giving investors hope that the global economy might be on the road to recovery. However, the rising number of new coronavirus cases, specifically in the US, means lockdown restrictions might need to be re-implemented in some cities and states to help curb the spread.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE has best day in a week as US jobs data boosts marketsThe rand broke below R17/$ for the time in three weeks
Source: BDliveSA - 🏆 12. / 63 Read more »
The rand is muted but market optimism remains intactThe rand was little changed but supported by strong global economic data, which largely ignored the rise in Covid-19 cases
Source: BDliveSA - 🏆 12. / 63 Read more »
The rand is muted but market optimism remains intactThe rand was little changed but supported by strong global economic data, which largely ignored the rise in Covid-19 cases
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
New-vehicle market in sorry state despite a June sales hikeWith June sales double that of May and 5,000% that of April, the sector still expects a full-year market decline of between 20% and 50%
Source: BDliveSA - 🏆 12. / 63 Read more »