Rand hovers at six-week lows as coronavirus escalates
The local currency turned in the second-worst performance among its emerging-market peers over the past five days
30 January 2020 - 11:36
The rand hovered at six-week lows on Thursday morning as the fear about the rapid spread of the coronavirus weighed on risk sentiment.
The rand has performed the second-worst among emerging-market currencies tracked by Bloomberg over the past five days. The local currency earlier weakened to a six-week low of R14.71/$. ..
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