MARKET WRAP: Rand back above R15/$ as US stimulus talks stall

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Brexit negotiations are also adding uncertainty to skittish global markets

After firming earlier, the rand weakened through R15/$ again on Thursday as investors await direction from US stimulus talks and Brexit negotiations, neither of which are yet to see a breakthrough.

The rand broke a three-day winning streak, reaching an intraday worst of R15.0955/$. At 5.24pm, it had weakened 0.68% to R15.0533/$, 1.11% to R18.2599/€ and 0.16% to R20.0020/£. The euro was 0.43% firmer at $1.2132...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 Sunday Times Daily.

 

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