The rand fell the most in seven months after US inflation came in higher than consensus forecasts.

Quicker inflation in the US could mean a further delay in the Federal Reserve’s plans to cut interest rates. Inflation in the world’s largest economy accelerated to 3.5% in March from 3.2% in February, while analysts had expected 3.4%. The data saw the dollar firm against most global currencies, with those of emerging markets faring worst...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.