Rand slumps to near 11-month low as global economy slows
A raft of gloomy global economic data is weighing on the rand, which has mostly unwound the strong gains it made on Tuesday
14 August 2019 - 15:38
A spike in concern that the global economy is headed towards a synchronised economic downturn put pressure on the rand on Wednesday, pushing it near to an 11-month low.
On a day of weak economic data, sentiment began souring after China announced its industrial output grew at its slowest pace in 17 years in July...
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