Rand at four-month low as coronavirus fears weigh on sentiment
The rand has been the worst performing among emerging-market currencies tracked by Bloomberg over the past month
21 February 2020 - 11:19
UPDATED 21 February 2020 - 13:36
The rand reached its lowest level in more than four months on Friday as the rising death toll from the coronavirus curbed global risk sentiment.
The rand has been the worst performing among emerging-market currencies tracked by Bloomberg over the past month, down by 4.36%, followed by the Chilean peso down 4.14%. The currency’s performance has been affected by the global risk-off sentiment due to the spread of the coronavirus as well as concerns about SA’s economic trajectory ahead of the national budget speech next week. ..
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