MARKET WRAP: Rand weaker, but steady below R18/$
Positive sentiment from China’s stimulus efforts and gold purchases have buoyed the currency, says TreasuryONE strategist
10 December 2024 - 19:40
The rand broke a three-day winning streak on Tuesday, but remained steady below R18/$.
According to Matete Thulare, RMB’s head of forex execution, the rand’s performance, with the overall better emerging-market performance, was driven primarily by a firmer gold price...
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