Rand and JSE improve as investors weigh up US economic data
One analyst says the rand’s appreciation is not solely linked to dollar weakness, and it has strengthened on its own merits
11 October 2024 - 11:25
The rand extended gains on Friday and the JSE was firmer amid mixed global markets, as investors digested a mixed consumer inflation report.
The US inflation rate decreased to 2.4% in September, slightly lower than expected. However, core inflation unexpectedly rose to 3.3%, indicating persistent inflationary pressures in stable sectors of the economy...
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.