Rand firms as sentiment towards emerging-market currencies improves
However, one analyst says the rand is still trading substantially weaker then its fair value of R15/$
20 May 2020 - 14:58
The rand was firmer on Wednesday, in line with most emerging-market currencies, as sentiment towards the asset class improves.
“In recent days, we have seen an improving sentiment towards many emerging markets. The fragile countries that have massively excessive government debt levels (SA, Brazil, Turkey, etc) have been lagging,” said Anchor co-chief investment officer Nolan Wapenaar. ..
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