South African rand, stocks weaken as US dollar firms

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

South Africa's rand and stocks lost over 1% on Tuesday as the dollar firmed on U.S. housing data.

South African Rand coins are seen in this illustration picture taken November 5, 2020. REUTERS/Mike Hutchings/Illustrationfirmed on U.S. housing data.The dollar index , which measures the U.S. currency against six major rivals, rose 0.156% to 102.64.

The rand lost over 7% against the greenback in May, but it has managed to recover those losses in June on the back of less intense power cuts by state utility Eskom.for April dropped 1.0% month-on-month, falling for the fourth consecutive month this year, data showed on Tuesday. The indicator collects data on vehicle sales, business confidence, money supply and other factors to gauge the outlook for Africa's most industrialised economy.

 

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

 /  🏆 31. in İD

Indonesia Berita Terbaru, Indonesia Berita utama