The rand gave back some ground on Thursday after edging up the day before on signs of easing cost pressures in S&P’s purchasing managers’ index. Analysts suspect that fiscal concerns and rate cut bets are also weighing on the risk-averse local currency.
MARKET HIGHLIGHT: Rand retreats against dollar
The rand lost 0.7% against the dollar on Thursday, giving back some ground after edging up on Wednesday
Editor’s Choice
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.