Rand slips to R14.90/$ as volatility picks up
The rand’s one-month implied volatility, a measure of risk, is near a two-month high on Monday, as investors flee from risk assets
05 August 2019 - 14:55
The rand remained under pressure on Monday afternoon, near a two-month low against the greenback, as investors scampered for safety amid an escalating US-China trade war.
US President Donald Trump last week threatened to levy an additional 10% in tariffs on $300bn worth of Chinese goods on September 1, with Beijing threatening to respond with its own measures, including halting US agricultural imports...
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.