Forex Focus on Business Day TV
WATCH: Can the rand survive its latest roller-coaster ride?
14 November 2017 - 11:25
The rand fell to a one-year low on Monday amid the fear of a ratings downgrade and concern about President Jacob Zuma's possible plan to push through free higher education. The pound also weakened as Brexit negotiators face a crucial deadline and the future of Prime Minister Theresa May comes into question. The dollar, however, had a good day as tax reform hopes spurred the currency on. Craig Erlam, senior markets analyst from Oanda gives us some insight into where he thinks the rand is headed.
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