The rand was a little stronger on Monday morning, taking its lead from world markets, which were broadly positive. Investors appeared eager to dip into riskier assets, after North Korea held off on provoking the international community at the weekend, when it marked the 69th anniversary of its founding. Previously, Pyongyang has used the occasion to demonstrate its military might, an exercise that would have increased tension on the Korean peninsula. As a result, perceived traditional safe-haven plays were under some pressure while risky assets such as equities found favour, from Asia to Europe. The rand is sensitive to changes in global sentiment, which shapes bond and equity flows. While the rand was slightly better in early trade, it was still weaker compared with intraday levels on Friday, when the dollar staged a strong comeback. "We start the week with mixed influences. Risk appetite is high given Hurricane Irma’s changed path and the surprising lack of any belligerence from N...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.