Rand eyes R15/$ as domestic outlook deteriorates
The rand is failing to benefit from signs of loose global monetary policy, and dismal first-quarter GDP figures
06 June 2019 - 14:37
Growing expectations that the world’s major central banks will turn on the taps to boost flagging economic growth failed to lift the rand on Thursday, with the local currency still under pressure from poor economic data and domestic uncertainty.
The local currency weakened as far as R14.9186/$ on Thursday, an eight-month low, even though most global equity markets were benefiting from signs the US Federal Reserve will soon cut interest rates...
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