MARKET WRAP: Rand drops to three-week low on global economic recovery worries

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

México Noticias Noticias

The JSE also dropped, in line with other global equities, as the US posted its steepest contraction in 73 years

The rand fell to its weakest level in three weeks on Thursday, while the JSE dropped in line with other global equities as investors worry about the prospects of the global economic recovery as the US posted its steepest contraction in 73 years.

At 5.21pm, the rand had weakened 2.05% to R16.8819/$, 1.93% to R19.8830/€ and 2.4% to R21.9902/£. The euro lost 0.1% to $1.1778. The local currency weakened to a three-week low of R16.94/$ in intra-day trade, while it has lost about 17% so far this year, according to Infront data.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

MARKET WRAP: Gains by Sasol and banks boost the JSEStandard Bank led gains in its sector, up the most in three weeks, despite announcing that its interim profits in the six months to end-June could halve
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

MARKET WRAP: JSE gains for a second day while focus shifts to US stimulusLocally, investors will be watching the consumer inflation print for June, due on Wednesday
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

Business Maverick: Stocks Mixed Before Fed; Treasuries Keep Advance: Markets WrapAsian stocks struggled for a clear direction as investors awaited the conclusion of the Federal Reserve’s policy meeting. Treasuries held overnight gains and the dollar steadied.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

Medical aid funds find fertile ground in Botswana’s young market | CitypressMedical aid funds find fertile ground in Botswana’s young market There were 327 500 beneficiaries covered by four funds in 2019, up from 309 500 in 2018 – representing an increase of 5.8% & indicating a growing medical funds environment, said the report.
Fuente: City_Press - 🏆 7. / 72 Leer más »

Market data — July 29 2020Market data including bonds and fuel prices
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

Sorry guys, Berita is officially off the market as she’s married now'I am the luckiest girl in the world united for life with the love of my life,' said the singer.
Fuente: TheCitizen_News - 🏆 6. / 75 Leer más »