The rand continued its slide against the dollar on Thursday, touching the weakest level last seen in August 2020, while the JSE fell the most in a week as global recession fears intensified.
Markets are now pricing in the possibility of even tighter US monetary policy after worse-than-expected inflation data from the world’s biggest economy, where prices rose 9.1% in the year to end-June...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.
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MARKET WRAP: US inflation puts JSE in a spinRand recovers a little ground against the dollar while the euro falls below dollar parity for the first time in almost 20 years
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