News Formal

Rand close to record low amid power crisis, dollar strength | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The rand, which has been pummelled in recent days by concerns around a burgeoning power crisis and weak economic data, fell almost a percent against the dollar on Thursday. | News24_Business

In early trading, it hit R19.485 against the dollar. Last week, it slumped to a record low of R19.50 after the US accused South Africa of supply arms to Russia.

The Chinese yuan slid to its lowest level against the dollar since early December, as a raft of recent economic data pointed to weak consumer demand and a slow post-pandemic recovery for the world's second largest economy.The Turkish lira was last at 19.78 versus the dollar, coming within a whisker of its record low of 19.80, which it hit right after the deadly earthquake struck in early March.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 4. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Weak rand, risk of sanctions will keep interest rates high, says Investec CEO | BusinessAsset manager and banking group Investec has warned that SA's interest rates are likely to remain elevated for longer than expected as a weaker rand and the risk of sanctions due to Pretoria's support for Russia add pressure on an already weak economy.
Bron: News24 - 🏆 4. / 80 Lees verder »