The rand reached its best intraday level to the dollar since February 6 2019 on Wednesday, as most emerging-market currencies gained in risk-on trade.
However, external risks to the local currency exist, with the US expected to release its latest labour data on Friday. If the numbers are good, indicating a normalisation in economic activity, the spectre of higher interest rates comes ever closer...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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