Rand near one-month low to the dollar as virus jitters persist
The threat that the coronavirus outbreak will worsen is hogging the spotlight, with the local currency near a one-month low against the dollar
29 January 2020 - 12:33
The rand, which has been the second-worst performing emerging-market currency over the past month, was slightly weaker on Wednesday, with investors still focused on the coronavirus outbreak.
So far this week, the local currency has hit a low of R14.71/$, its weakest in a month, with emerging markets under pressure from the concern that the viral outbreak will worsen, resulting in further human and economic damage...
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