MARKET WRAP: US inflation puts JSE in a spin
Rand recovers a little ground against the dollar while the euro falls below dollar parity for the first time in almost 20 years
13 July 2022 - 19:43
The JSE weakened while the rand hovered around October 2020 lows after the US reported worse-than-expected inflation data on Wednesday, further fuelling concern that the Federal Reserve will maintain its aggressive stance on taming rising prices.
The euro dropped below parity to the dollar for the first time in almost two decades on the news, with growing concern about rising recession risks in the euro area continuing to batter the single currency...
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