Rand leads emerging-market peers after bump by Moody’s bump

Indonesia Berita Berita

Rand leads emerging-market peers after bump by Moody’s bump
Indonesia Berita Terbaru,Indonesia Berita utama

The reduced threat of SA falling off global bond indices is boosting the rand and local bonds

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The rand was firmer on Monday afternoon, and easily the best performing emerging-market currency.

At 2pm the rand had strengthened 1.11% to R14.1815/$, 1.2% to R15.9265/€ and 0.67% to R18.5987/£. The euro was flat at $1.123.Global sentiment was boosted on Monday by positive Chinese data. Erdoğan is seen to have sought to intervene in that country's monetary policy. Analysts said the electoral result may prompt further populist policies.

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#RandReport: Rand slides alongside EM currencies, stocks steady#RandReport: Rand slides alongside EM currencies, stocks steadyAt 1548 GMT, the rand was 0.27% weaker at 14.6450 to a dollar.
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