MARKET WRAP: Rand weakens to new lows as virus roils markets
Foreign holding in the SA bond market fell to 34% in March, its lowest in more than four years
02 April 2020 - 18:39
The rand continued on its downward trajectory on Thursday, weakening to new lows as investors ponder the economic effect of the Covid-19 crisis.
The local currency was the worst performing among emerging-market currencies on the day, weakening to as low as R18.65/$ in intra-day trade, according to Infront data. ..
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