Rand enters fourth day of losses as virus sparks risk-off trade
The death toll from the coronavirus outbreak has topped 100, with the first death in Beijing recorded on Tuesday
28 January 2020 - 11:27
The rand extended losses against the dollar for a fourth day on Tuesday morning with the global risk-off environment persisting as the coronavirus wreaks havoc in China.
Investors have shied away from riskier assets due to the concern about the effect the virus could have on the global economy, with the rand weakening to a six-week low on Monday. The death toll from the outbreak has now reached 106, with the first death in Beijing recorded on Tuesday, Reuters reported...
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.