MARKET WRAP: Rand firms as China reports drop in record Covid cases
Investors will be keeping a close eye on developments in China and Wednesday’s speech by Fed chair Jerome Powell
29 November 2022 - 19:13
The rand headed below R17 to the dollar on Tuesday after China reported decline in Covid-19 cases and moved to stamp out protests over the country’s Zero-Covid policy.
Chinese health authorities reported 38,645 cases on Tuesday, down from a record daily high of 40,347 a day earlier, according to Reuters. The rise in cases in the world’s second-biggest economy had sparked fears about further restrictions that led to protests in Shanghai, Beijing and other cities at the weekend...
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.