Inflation outlook dims with rand at four-month low
Renewed pressure on SA currency after surge in US government bond yields
04 October 2023 - 19:25
The rand fell to its weakest level against the dollar in four months on Wednesday, potentially clouding the outlook on inflation with resurgent international oil prices reflected in higher fuel prices.
Renewed pressure on the rand came after a surge in US government bond yields, which give investors attractive and almost risk-free returns at the expense of their emerging market counterparts, invariably perceived to be risky relative to paper issued by developed countries. ..
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.