CURRENCIES
Rand breaches R15/$ for first time in fortnight on global concerns
Chinese property sector fears and weaker metal prices weigh on emerging market currencies
01 November 2021 - 15:47
The rand breached R15/$ for the first time in two weeks last week as weaker metal prices put pressure on commodity currencies.
Both precious- and base-metal prices had fallen on concerns over debt problems in China’s property sector, which accounts for about 29% of the country’s GDP, weighing on sentiment...
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