Rand set for fourth day of losses as domestic woes linger
The rand is the worst performing emerging-market currency tracked by Bloomberg over the past 30 days, followed by the Brazilian Real
21 January 2020 - 11:13
The rand was hovering at six-week lows on Tuesday morning and on track to extend its losing streak to four consecutive sessions, amid worries about SA decaying fiscal backdrop.
The rand, which is down 2.2% over the past 30 days, weakened further after the International Monetary Fund slashed SA's growth forecast on Monday, citing structural constraints and deteriorating public finances. The local currency is the worst performing among emerging-market currencies tracked by Bloomberg over the past 30 days, followed by the Brazilian Real at 2.14%. ..
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