MARKET WRAP: JSE holds up even as rand plumbs two-year depths

📆 9/9/2565 3:37:00
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Currency takes a further beating after Fed chair Jerome Powell reaffirms the central bank’s commitment to taming inflation and the ECB raises its rate the most since 1999

The JSE ended higher after a tentative start to Thursday’s session while the rand was on the ropes again as the dollar surged against its peers.

The rand fell as much as 1.6% to R17.54/$, the weakest level since August 2020, according to data compiled by Bloomberg. At 6.35pm it was 1.4% softer at R17.5306/$...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.

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