Image: Reuters
The dollar’s continued strength is surprising, as the US economy is now in recession after gross domestic product contracted by 0.9% in the second quarter, following a contraction of 1.6% in the first quarter. Potentially slower and lower interest rate hikes in the US in contrast to quicker and higher interest rates by the South African Reserve Bank could lead to foreign currency inflows, strengthening the rand.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NUMSA elects new leadership - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The National Union of Metalworkers of South Africa (NUMSA) has elected its new leadership.
Source: SABCNews - 🏆 37. / 51 Read more »
KZN police arrest alleged hitman - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.KwaZulu-Natal police have arrested an alleged hitman at the Mariannhill Toll Plaza. Police say the suspect was travelling in a bus that was heading to the Western Cape.
Source: SABCNews - 🏆 37. / 51 Read more »