News Formal

Rand close to record low amid power crisis, dollar strength | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The rand, which has been pummelled in recent days by concerns around a burgeoning power crisis and weak economic data, fell almost a percent against the dollar on Thursday. | News24_Business

In early trading, it hit R19.485 against the dollar. Last week, it slumped to a record low of R19.50 after the US accused South Africa of supply arms to Russia.

The Chinese yuan slid to its lowest level against the dollar since early December, as a raft of recent economic data pointed to weak consumer demand and a slow post-pandemic recovery for the world's second largest economy.The Turkish lira was last at 19.78 versus the dollar, coming within a whisker of its record low of 19.80, which it hit right after the deadly earthquake struck in early March.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 4. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Weak rand, risk of sanctions will keep interest rates high, says Investec CEO | BusinessAsset manager and banking group Investec has warned that SA's interest rates are likely to remain elevated for longer than expected as a weaker rand and the risk of sanctions due to Pretoria's support for Russia add pressure on an already weak economy.
Sumber: News24 - 🏆 4. / 80 Baca lebih lajut »