Rand hits weakest level since October 2020 as dollar goes on the rampage
05 July 2022 - 20:29
The rand fell to its lowest level against the dollar since October 2020 on Tuesday on weaker commodity prices, higher inflation and fears of a possible global recession.
Reaching a worst level of R16.60/$ as load-shedding continues to hammer the SA economy, the local currency fell the most in about three weeks, down 1.5%...
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