Rand slips on rising Covid-19 infections and US-China tension
Donald Trump threatened at the weekend to ban Chinese social app TikTok
03 August 2020 - 12:22
The rand was weaker on Monday, in line with emerging-market currencies as investors worry about a rise in Covid-19 infections in a number of countries across the globe and deteriorating US-China relations.
The local currency broke above R17/$ level on Friday for the first time in three weeks, as a surge in infections threatened economic recovery, with investors concerned that some form of lockdown measures in some economies might slow down economic recovery...
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.