JOHANNESBURG - The rand edged weaker on Tuesday, losing momentum as the dollar surged and the appeal of the local currency waned after the International Monetary Fund cut its growth forecast for Africa’s most industrialised economy.
Globally, the IMF expects GDP to grow 3.2%, while economic growth in sub-Saharan Africa is seen at 3.4%. Bonds also weakened, with the yield on the benchmark 2026 government issue up 4 basis points to 8.07%. Markets are focusing on the European Central Bank , which is expected to cut a key rate by 10 basis points on Thursday, and next week the Federal Reserve is forecast to cut its benchmark rate by 25 basis points.
Send Dollar to jail. TheQueenMzansi
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Rand near 11-month high to the pound as market eyes new UK prime ministerDetails on Eskom’s bailout will be watched by markets, while an eye is also on the UK, which is set to get a new leader soon
더 많은 것을 읽으십시오 »