MARKET WRAP: Rand firmer as global risk sentiment improves
The JSE all share closed slightly weaker, pulled lower by the resource and gold mining indices
19 January 2021 - 19:00
The rand broke through R15/$ on Tuesday as risk sentiment improved amid optimism that the incoming administration of US president-elect Joe Biden will move comprehensively to support the US and the world through the Covid-19 pandemic.
The rand firmed along with its emerging-market peers, breaking below the psychological barrier against the dollar for the first time in two weeks as global risk sentiment gained traction ahead of Biden’s inauguration on Wednesday...
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