Rand comes off worst levels, but global and domestic risks persist
The benchmark R186 government bond has weakened, with its yield rising four basis points to 8.46%
29 May 2019 - 15:54
The rand remained weaker against major global currencies on Wednesday afternoon, with growing global and domestic risks pushing it to a seven-month low against the dollar in intraday trade.
Concern about the prolonged US-China trade war continues to dominate sentiment in global markets as there seems to be no end in sight. The tariff war has significantly weighed on emerging-market currencies, including the volatile rand...
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