MARKET WRAP: Rand falls for second day as investors mull SA recovery plan
Globally, investors remain concerned about the resurgence of Covid-19 in parts of Europe with new restrictions choking economic recovery
15 October 2020 - 18:20
The rand fell for a second day on Thursday as local investors mulled President Cyril Ramaphosa’s economic recovery plan, while worries about a second wave of Covid-19 weighed on global equities.
At 5.41pm, the rand had weakened 0.83% to R16.6655/$, 0.43% to R19.4973/€ and 0.19% to R21.5299/£. The euro fell 0.39% to $1.17. The local currency has fallen 15.8% so far this year, according to data from Infront...
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.