MARKET WRAP: Rand weakens as investors assess attempt to kill Trump
Inflows for the dollar after failed assassination lifts the probability of a win for Trump in November
The rand fell the most in three months on Monday, weakening along with other emerging-market currencies as investors assessed the implications of the assassination attempt on US former president Donald Trump.
Trump was grazed by a bullet at a rally in Pennsylvania on Saturday. While the situation may escalate political tensions in the US, some market participants speculate (https://www.businesslive.co.za/bd/markets/2024-07-14-markets-bet-on-trump-election-win-after-shooting/) that it could benefit Trump and the Republicans in the upcoming November election, reported Bloomberg. If a second Trump presidency materialises, it could result in policies that would further raise the US government’s debt...
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