The rand closed firmer on Wednesday as positive economic data and a possible Covid-19 vaccine boosted appetite for riskier assets, while local focus shifts to the SA Reserve Bank’s policy meeting this week.
The local currency gained more than 1% in intra-day trade, breaking below the R16.50/$ for the first time since July as risk-on sentiment took hold following weeks of range-bound trading.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.
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.
MARKET WRAP: JSE has longest winning streak since January amid vaccine optimismFocus will shift to central banks later this week, with the Fed, Bank of England and Bank of Japan expected to announce interest rate decisions
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — September 14 2020Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
UK banks show a lack of faith in the housing marketWith unemployment likely to worsen, making it harder for people to pay their bonds, home loan providers are cranking up their rates
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: mailandguardian - 🏆 2. / 92 Read more »
Opec to meet in the shadow of a stalling oil marketPrices have slipped below $40 a barrel for the first time since June as demand falters
Source: BDliveSA - 🏆 12. / 63 Read more »