Rand slumps as market waits for news to aid direction

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The local currency had firmed to an intraday best of R16.87/$, following some emerging market strength towards the end of last week

The rand was weaker on Monday, in line with its emerging-market peers as investors remain cautious about the rising number of Covid-19 cases globally, while markets awaits fresh news for direction.

The local currency firmed to an intraday best of R16.87/$, according to Infront data, following some emerging-market strength towards the end of last week.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 Times Select.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Billions of rand in Covid-19 tax relief taken up by businessThe Treasury denies that little use is being made of the measures
Source: BDliveSA - 🏆 12. / 63 Read more »

Billions of rand in Covid-19 tax relief taken up by businessThe Treasury denies that little use is being made of the measures
Source: BDliveSA - 🏆 12. / 63 Read more »