MARKET WRAP: Rand continues to defy logic
Currency’s strength could be the result of relative domestic calm compared with other emerging markets, analysts say
16 February 2022 - 19:55
The rand maintained its recent strength against the dollar on Wednesday, buoyed by the latest consumer inflation data that could reduce the likelihood of aggressive domestic interest rate hikes.
The currency reached an intraday high of R15.03/$, a far cry from just eight days earlier when it was trading at R15.58, though analysts differ in their assessment of the situation...
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.