Rand breaks through R17/$ for the first time since the lockdown
The local currency firmed to a best level of R16.96/$ in intra-day trade, its strongest since March 18
03 June 2020 - 15:07
The rand reached its best level in more than two months on Wednesday, breaking through R17/$, as the reopening of economies globally sparked a rally in the markets.
The local currency firmed to a best level of R16.96/$ in intra-day trade, its strongest since March 18, roughly a week before the coronavirus lockdown began and the Moody’s Investors Service downgrade of the country’s debt to junk...
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