MARKET WRAP: Rand weakens for the ninth straight day

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Canada News News

Local currency continues to bleed amid thin holiday market, overall risk and stronger dollar

The rand weakened for the ninth straight day on Thursday, breaching R16 against the dollar for the first time since early January to reach its worst level since mid-December.

It’s a case of a stronger dollar and a continuation of the trend in a thin holiday market in SA, said Absa head of fixed income James Turp. ..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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Rand weakens for seventh session runningNot since then US Fed chair Ben Bernanke triggered the ‘taper tantrum’ in May 2013 has the local unit fallen for so many days straight
Source: BDliveSA - 🏆 12. / 63 Read more »

The fascinating story of Avalanche’s rise from nowhere to $19bn market cap in 2 years[SPONSORED] With a market value of around $19bn (half of what it was in Nov 2021) Avalanche is now seen as a must-hold in diversified crypto portfolios. Brett Hope Robertson of RevixInvest explains... AVAX blockchain
Source: Moneyweb - 🏆 5. / 77 Read more »

MTN resolves market dominance case in GhanaThree remedies have been implemented so far, including a two-year, 30% asymmetrical interconnect rate reduction.
Source: ITWeb - 🏆 45. / 51 Read more »

Sandton paves golden path in Africa's ultra-luxury property marketSandton paves golden path in Africa’s ultra-luxury property market - Changing home buyer behaviour among Africa’s high net worth individuals is inflating demand for ultra-luxury condos and penthouses
Source: mailandguardian - 🏆 2. / 92 Read more »

WATCH: Market ReportBusiness Day TV talks to Anthea Gardner from Cartesian Capital Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R500,000 in 3 weeks thanks Williamchurch07
Source: BDliveSA - 🏆 12. / 63 Read more »