Rand weaker while focus shifts to US-China trade talks
SA's gross reserves rose to a record high in September to $54.86bn from $49.95bn in August, SA Reserve Bank data shows
07 October 2019 - 11:06
The rand was weaker on Monday morning, failing to hold on to gains that saw it nearly reach the R15/$ mark in earlier trade, while investors await high-level talks between the US and China this week.
The rand's one-week implied volatility was the second-highest among emerging-market currencies on Monday. The currency strengthened to as much as R15.02/$ in intraday trade, a level it has not reached since breaking through the R15/$ mark more than a week ago. It had pared gains by 10am on Monday morning. ..
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