Rand bounces back a little on hopes of global stimulus
The rand recovered some lost ground on Tuesday on market speculation of economic stimulus, but is still set for its worst month in a year
20 August 2019 - 15:12
The rand recovered from another 2019 low on Tuesday afternoon, as optimism grew that major global economies were gearing up to respond to flagging growth with additional government spending.
Concerns over a slowing global economy pushed the rand to R15.499/$ on Monday evening, an 11-month low, but the local currency recovered on Tuesday. Earlier, German policy makers confirmed that they were willing to increase fiscal spending in response to an economic slowdown...
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.