Rand firms as global sell-off eases amid stimulus hopes
But the rand’s one- week implied volatility is the second highest among emerging-market currencies tracked by Bloomberg
10 March 2020 - 11:35
The rand was on track for its first day of gains in four on Tuesday morning as global markets recovered from Monday's rapid sell-off amid hopes that governments will introduce economic stimulus measures to curb the effects of Covid-19.
The local currency clawed back to below R16/$ after US president Donald Trump hinted at plans to stimulate the US economy, including a payroll tax cut...
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