MARKET WRAP: Rand languishes around 21-month low as euro falls to $1

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Nigeria News News

Dollar is gaining support from global recession fears and expectations the Fed will stick to its aggressive monetary tightening cycle

The rand remained under pressure on Friday, ending the week softer as sentiment remained fragile.

The local currency has posted losses three out of five days, bringing the week’s losses to 3.4%, as the dollar “continues to find strong support from both global recession fears and expectations for the Fed to stick to its aggressively front-loaded monetary tightening cycle,” said Investec chief economist Annabel Bishop. ..

 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

MARKET WRAP: JSE extends as investors shrug off Johnson’s departureUK assets may get some relief from UK prime minister’s resignation, but the focus is more likely to be on US employment and inflation data
Source: BDliveSA - 🏆 12. / 63 Read more »

'I’m officially off the market' — Somizi reveals he is dating again“I cannot afford to date a guy who I still have to establish. The person must come with assets. We have to meet at the same level.' 🤣 Sembi Noma angeza nama assets kodwa I Fisting 🤜 will be done without favors or prejudice... Gogo Som Som ..still being horny?
Source: TimesLIVE - 🏆 28. / 59 Read more »

iStore maintains best in market iPhone trade in values even as US values decline[Promoted] iStore maintains best in market iPhone trade in values even as US values decline
Source: mybroadband - 🏆 11. / 67 Read more »

WATCH: Market ReportBusiness Day TV talks to Craig Pheiffer from Sasfin Wealth
Source: BDliveSA - 🏆 12. / 63 Read more »