Rand retreats amid worry about spread of coronavirus
The local currency is weaker as markets slump, with investors taking a back seat as they gauge the effect of the virus on the global economy
27 January 2020 - 12:29
The rand retreated against major currencies on Monday morning as global markets slumped amid the spread of the deadly coronavirus, with investors taking a back seat as they gauge the effect of the virus on the global economy.
At 11.29am the rand had weakened 0.84% to R14.5579/$, 0.66% to R16.039/€ and 0.82% to R19.0487/£. The euro had fallen 0.13% to $1.1017. The rand has lost 3.8% against the dollar so far in 2020...
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