MARKET WRAP: Rand falls for second day as investors mull SA recovery plan

📆 15/10/2020 21:28:00
📰 BDliveSA

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Italia Notizia Notizia

Globally, investors remain concerned about the resurgence of Covid-19 in parts of Europe with new restrictions choking economic recovery

The rand fell for a second day on Thursday as local investors mulled President Cyril Ramaphosa’s economic recovery plan, while worries about a second wave of Covid-19 weighed on global equities.

At 5.41pm, the rand had weakened 0.83% to R16.6655/$, 0.43% to R19.4973/€ and 0.19% to R21.5299/£. The euro fell 0.39% to $1.17. The local currency has fallen 15.8% so far this year, according to data from Infront.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Scrivi un Commento

“Mull” 😂

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Market volatility is, well, volatile heading up to the US electionsWall Street stocks are racing to record highs again and the VIX ‘fear gauge’ and its November and December futures contracts are near six-week lows
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

Apple enters 5G market with new line of iPhonesThe company hopes to spark an upgrade cycle heading into the holiday season Whatever it maybe its far below Huawei standards, thanks to Trump.
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »