JSE faces firmer Asian markets on Wednesday, as rand holds under R15/$
The prospect of further US stimulus supports global markets, while locally the rand has benefited from upbeat SA GDP data
09 December 2020 - 07:11
The JSE may benefit from higher Asian markets on Wednesday morning, with the rand extending its gains after SA’s third-quarter GDP numbers, trading at an almost 10-month high against the dollar.
The local currency rallied on Tuesday after SA’s third-quarter GDP numbers beat expectations, increasing at a seasonally adjusted and annualised rate of 66.1% as lockdown restrictions were eased...
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