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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.
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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. ....