MARKET WRAP: Volatile rand lives up to its reputation with biggest loss in more than two months

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

المملكة العربية السعودية أخبار أخبار

MARKET WRAP: Volatile rand lives up to its reputation with biggest loss in more than two months 🔒

The rand, in line with its status among the most volatile currencies, followed up its biggest gain in more than three years with a drop that was the biggest in two months as local politics came back to the fore.

After being as strong as R16.5497, the currency failed to touch the key R16.50/$ level and was by 6:58pm, closer to R17/$. It was eventually 2.1% weaker at R16.9498/$ for its biggest drop since June 11, having gained 2.6% on Friday.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

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.

SA is geared towards international visitors, so domestic market cannot compensateSA Tourism says nearly 440,000 tourism jobs are at risk in 2020, and the sector is expected to lose R80bn in foreign receipts
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

SA is geared towards international visitors, so domestic market cannot compensateSA Tourism says nearly 440,000 tourism jobs are at risk in 2020, and the sector is expected to lose R80bn in foreign receipts
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

Futuregrowth in fresh battle over new JSE rules on R3-trillion bond marketAsset manager says new rules, which come into effect on Monday, have significant shortcomings
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

The US tech sector is now worth more than the entire European stock market, Bank of America saysThe five largest US tech stocks — Apple, Microsoft, Alphabet, Amazon, and Facebook — are worth a collective $7.5 trillion.
مصدر: News24 - 🏆 4. / 80 اقرأ أكثر »