MARKET WRAP: Rand firms amid easing inflation fears
Banks and financials gained the most on the day, up 2.23% and 1.88%, respectively
BL PREMIUM
25 May 2021 – 18:01
The rand firmed to its best level in nearly two years on Tuesday amid easing US inflation concerns as comments from the Federal Reserve reaffirmed its dovish stance.
Its emerging-market peers also gained as the Fed’s comments helped calm investor nerves about tightening monetary policy…
Source: businesslive.co.za
