Investors brace as South Africa heads for new coalition era news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
The Japanese yen, Norwegian krone and South African rand have turned from the worst-performing major currencies this year to become the best in recent days, along with Sweden’s krona.
Underdogs of Currency World Stage Comeback bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The rand broke through the psychologically important R18/$ level for the first time in just over three months on Thursday morning, boosted by positive US data, along with hopes that Chinese stimulus will offer support to commodity prices.
The rand weakened to its worst level in three years and yields on local-currency bonds rose as concerns over South Africa’s continuing energy shortage and deteriorating economic.