Latest Breaking News On - Promit mukherjee editing - Page 7 : comparemela.com

By Reuters Staff (Updates prices, adds stocks) JOHANNESBURG, July 26 (Reuters) - South Africa’s rand recovered from early losses on Monday, with concerns over rising COVID-19 infections setting a cautious tone in global markets ahead of the U.S. Federal Reserve’s meeting this week. At 1540 GMT, the rand traded at 14.8000 against the dollar, up 0.35% from its previous close. The currency fell last week after the South African Reserve Bank suggested on Thursday that interest rates would stay relatively low. The dollar has in recent sessions benefited from safe-haven buying on fears a surge in infections of the fast-spreading Delta variant could derail the global recovery, pressuring riskier assets, such as the rand.

South africaUnited statesSouth africanAnnabel bishopMark potterOlivia kumwenda mtamboTomasz janowskiThomson reuters trust principlesAfrican reserve bankJohannesburg stock exchangeNaspers ltdSouth african reserve bankAnglo american platinumImpala platinumPromit mukherjee editingThomson reuters trust