Rand weaker as investors watch US debt ceiling talks
The outlook for SA remains gloomy, while the dollar is at its strongest levels in seven weeks
18 May 2023 - 11:34
The rand was weaker on Thursday, while the JSE was little changed as investors kept a close eye on the US debt-ceiling talks.
The local currency weakened for the third consecutive session, touching an intraday worst level of R19.48/$ as the outlook for SA remains gloomy, with intensifying load-shedding in winter making headlines. The dollar, meanwhile, it at its strongest levels in seven weeks. ..
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