Workers wearing protective masks are seen at the reception with an electronic board displaying major indices at the Johannesburg Stock Exchange building in Sandton.Workers wearing protective masks are seen at the reception with an electronic board displaying major indices at the Johannesburg Stock Exchange building in Sandton.
The dollar index , which measures the currency against six rivals, was last trading at 109.73. “The highly volatile domestic currency along with its EM peers continues to be affected by the strong greenback as investors favour safe haven inflows in a risk-off environment,” Investec analyst Annabel Bishop said in a research note.
Stocks on the Johannesburg Stock Exchange fell, following Wall Street and other equity markets as investors brace for the Fed’s rate decision next week. Local investors will be looking at the South African Reserve Bank , which will convene a day after the Fed to mete out its own interest rate decision.Overall in the stock market, the Top-40 index dropped 1.6% while the broader all-share index closed down 1.46%.Share article
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