Rand weakens as economic recovery worries hurt risk sentiment

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The currency market remains on edge, as the dollar faces pressure, while gold continues to rally

The rand was weaker on Thursday morning in line with its emerging-market peers as worries about economic recovery suppressed risk appetite.

At 10.30am, the rand had weakened 1.01% to R17.5003/$, 0.90% to R20.7432/€ and 1.48% to R23.0314/£. The euro was flat at $1.1855.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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