Rand sharply weaker in line with other emerging market currencies as investors talk of further rate cuts in Turkey
16 November 2021 – 19:05
The JSE closed at a record high, buoyed by gains in tech-heavy Naspers and Prosus, and cordial talks between US President Joe Biden and his Chinese counterpart Xi Jinping.
The rand, though, fell victim to talk of a further interest-rate cut in Turkey that sent the lira sharply weaker against the dollar — as did most emerging-market currencies. ..