Rand weaker as focus shifts to Sona
The currency was the worst performing among its emerging-market peers tracked by Bloomberg
13 February 2020 - 11:14
The rand was weaker on Thursday morning and was the worst performing among its emerging-market peers as investors shift their focus to the state of the nation address (Sona).
RMB analyst Nema Ramkhelawan-Bhana said despite the rand “having strengthened at a somewhat unrealistic pace in the first-half of the week”, this is the likely the “fulcrum around which the currency will trade”...
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