MARKET WRAP: Rand firms amid easing inflation fears
Banks and financials gained the most on the day, up 2.23% and 1.88%, respectively
25 May 2021 - 18:01
The rand firmed to its best level in nearly two years on Tuesday amid easing US inflation concerns as comments from the Federal Reserve reaffirmed its dovish stance.
Its emerging-market peers also gained as the Fed’s comments helped calm investor nerves about tightening monetary policy...
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.