Rand gains as focus shifts to US jobs data
The local currency is on track for its first day of gains this week after a very poor month
16 April 2020 - 12:22
The rand was on track to break its three-day losing streak on Thursday while the markets await US jobless claims data amid concern about the effects of Covid-19 on the global economy.
While it gained for the first time this week, the rand has been the worst-performing among its emerging-markets peers over the past month as the escalating pandemic casts a shadow over global markets and fuels fear of a deep global recession. ..
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.