News Formal

Rand leads emerging-market peers after bump by Moody’s bump

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The reduced threat of SA falling off global bond indices is boosting the rand and local bonds

The rand was firmer on Monday afternoon, and easily the best performing emerging-market currency.

At 2pm the rand had strengthened 1.11% to R14.1815/$, 1.2% to R15.9265/€ and 0.67% to R18.5987/£. The euro was flat at $1.123.Global sentiment was boosted on Monday by positive Chinese data. Erdoğan is seen to have sought to intervene in that country's monetary policy. Analysts said the electoral result may prompt further populist policies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

#RandReport: Rand slides alongside EM currencies, stocks steadyAt 1548 GMT, the rand was 0.27% weaker at 14.6450 to a dollar.
Source: ewnupdates - 🏆 30. / 53 Read more »