The rand weakened along with other emerging market currencies on Monday, touching its worst intraday level since November as investors digested disappointing Chinese data, which added to concerns about global growth.
Chinese data painted a dire picture of the world’s second largest economy. The country’s retail sales for April fell 11.1% against estimates of a 6.1% drop, while industrial production dropped 2.9% against estimates of a 1.4% increase. The Covid-19-driven lockdowns also saw Chinese unemployment rise to 6.7% in April...
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: