MARKET WRAP: JSE and rand soften as global rally eases
Analysts note that the local currency remains vulnerable to global developments, ‘and has some difficult terrain to navigate into the end of the year’
05 October 2022 – 19:16
The JSE closed weaker on Wednesday with global peers mixed as investors took stock of markets’ strong rebound on Monday and Tuesday.
Heading into the second half of the week, market sentiment appears to be turning more cautious, with the local bourse weakening just over 1%. The rand also reversed the past two sessions’ gains, weakening in line with other emerging-market currencies as the dollar regained its strength…
Source: businesslive.co.za
