The rand broke above R17/$ for the first time since October 2020, with the euro weakening further to almost equal a dollar for the first time in about two decades as investors continue to rush to the perceived safe haven of the greenback.
The rand has lost more than 5% to the dollar so far this month as negative sentiment both on the local and international front have hammered emerging-market currencies...
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.