MARKET WRAP: Rand steady below R15/$ as global markets firm
The JSE all share gained 0.24% and the top 40 0.16%, with banks and financials both gaining
BL PREMIUM
09 December 2020 – 18:28
The rand extended its gains on Wednesday, with the JSE tracking firmer global markets as investors focused on the progress on new US fiscal stimulus and positive news about Covid-19 vaccines.
The rand, which broke below the R15/$ level for the first time in more than 10 months on Tuesday, after SA’s third-quarter GDP numbers beat expectations, firmed against major currencies, reaching an intraday best of R14.8731/$, according to Infront data…
Source: businesslive.co.za
