The rand fell along with emerging-market currencies on Monday as investors moved back to the dollar and other safe-haven assets.
The local currency reversed Friday’s gains after Russian President Vladimir Putin ordered Russia’s nuclear deterrence forces on high alert, and the West imposed even heavier sanctions on Moscow. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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