News Formal

MARKET WRAP: Rand has worst week since February as some inflation fears remain

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

Sverige Nyheter Nyheter

Government bonds, however, maintained their firmer bias

The rand closed the week with a 1.9% loss against the dollar as some fears still remain about rising inflation as economies across the globe build towards pre-pandemic levels.

Not even a dovish statement by the European Central Bank on Thursday, when it assured the market of a continuation of its above-average weekly bond purchases, could help the rand maintain its recent gains...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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Market data — June 10 2021Market data including bonds and fuel prices
Källa: BDliveSA - 🏆 12. / 63 Läs mer »