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MARKET WRAP: Rand, JSE weaker as focus shifts to central bank rates decisions

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Investors are braced for a busy week of earnings and interest rates decisions from the Fed, ECB and Bank of England

The rand weakened on Monday, while the JSE closed weaker amid mixed global peers as investors braced for a busy week of earnings and a possible interest rate hike from the US Federal Reserve.

The local currency weakened more than 1% in intraday trade, touching R17.39/$ a level last seen almost four weeks ago...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 TimesLive Premium.

 

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