MARKET WRAP: Rand gains as coronavirus fears begin to fade

The rand consolidated its position below R15/$ on Tuesday as global markets gained after officials in China said the spread of coronavirus outbreak is close to being contained, while the local unemployment rate remained steady in the fourth quarter of 2019.

Treasury partner at Peregrine Treasury Solutions Bianca Botes said the rand gained “as markets reacted positively to what seems to be the peak of the coronavirus”. The unemployment rate in the fourth quarter of 2019 remained unchanged at near record highs of 29.1%, Statistics SA’s quarterly labour force survey revealed on Tuesday. However, this was the first time the rate has not decreased in the fourth quarter since 2008.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nurses in Zimbabwe probed over sale of ARVs on black market | IOL NewsSome nurses in Zimbabwe are reportedly diverting life-saving ARVs that are supposed to be dispensed for free, to the thriving black market.
مصدر: IOL - 🏆 46. / 51 اقرأ أكثر »

Market data — February 10 2020Market data including bonds, unit trusts and fuel prices
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »