Rand stages a recovery, but volatility looks set to stay
Markets are attempting to push higher after Wednesday’s rout, as focus remains on data amid the fear of a global economic slowdown
15 August 2019 - 10:11
The rand recovered slightly against major global currencies on Thursday morning, after having slumped 2% against the dollar overnight, although investor sentiment remains fragile.
Global risk assets were sold off across the board on Wednesday after a series of disappointing economic data releases out of Europe and Asia raised the concern that the global economy is slowing much faster than expected...
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