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%...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now