The rand firmed to the strongest level in almost four weeks on Wednesday, gaining for the fifth consecutive session after the government said would consider moving a Brics summit out of the country.
The unit currency briefly strengthened to below R19/$ as “the geopolitical risk premium surrounding SA Inc seems to be unwinding, allowing the rand to retreat from its massively oversold position”, RMB analysts said in a note...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 TimesLive Premium.
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