Rand a little firmer but Tuesday’s improved risk sentiment begins to wane
The rand remains volatile, with the dollar gaining momentum as a safe-haven asset as investors reassess volatility in markets
08 April 2020 - 13:20
The rand was a little firmer on Wednesday morning, with the improved risk sentiment prevalent in markets on Tuesday beginning to fade.
The rand gained as much as 3% at one stage on Tuesday amid signs that the coronavirus may have peaked in some of the hardest-hit countries, such as Italy and Spain. This optimism was short-lived, however, as the lockdowns in most countries seem likely to be extended...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.