MARKET WRAP: Rand gains momentum on Brics news

مصر أخبار أخبار

MARKET WRAP: Rand gains momentum on Brics news
مصر أحدث الأخبار,مصر عناوين

Sentiment buoyed after the government says it will discuss moving bloc’s summit to China, easing fears of a crisis

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

The rand firmed to the strongest level in almost four weeks on Wednesday, gaining for the fifth consecutive session after the government said would consider moving a Brics summit out of the country.

The unit currency briefly strengthened to below R19/$ as “the geopolitical risk premium surrounding SA Inc seems to be unwinding, allowing the rand to retreat from its massively oversold position”, RMB analysts said in a note...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.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

BDliveSA /  🏆 12. in EG
 

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

MARKET WRAP: JSE and rand gain on GDP dataEconomy proves resilient in the first quarter despite intense load-shedding, led by manufacturing
اقرأ أكثر »



Render Time: 2025-01-13 21:01:01