The rand slumped to its worst ever in a year against the dollar on Friday as contagion effects of the meltdown of Turkish lira on emerging market currencies played alongside concerns of rising coronavirus cases and lockdowns in Europe.
At 1522 GMT, the rand was trading at 15.7000 to the dollar, down 0.32% since its previous close. In intra-day trade, rand had fallen to 15.7889 against the dollar, its weakest in 2021 so far. The 25-basis-point rate hike by South Africa's central bank, also on Thursday, offered little support. Traders instead focused on the monetary policy committee's apparent preference for gradual policy tightening, as opposed to the steeper rate hikes some in the markets had expected.
Bonds were unchanged with the yield on the government's benchmark 2030 bond 2.5 basis points higher at 9.48%, reflecting a slightly weaker price than the day before.
I'm happy to join those who are sharing the good news about Mr Lambert jonah . I'm not persuading anyone to trade with him but i advise every investor to make the right choice with lambertonjonah I got my withdrawal safely without any interruption.
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 WRAP: JSE slips as surging Covid-19 cases in Europe weigh on global sentimentThe stock market took a breather after hitting record highs this week as investors digested the central bank’s decision to increase the repo rate
Källa: BDliveSA - 🏆 12. / 63 Läs mer »