MARKET WRAP: Rand weaker as Chinese data weighs on emerging-market currencies
JSE virtually unchanged from Friday’s close
15 August 2022 – 18:35
The rand fell the most in almost two weeks, weakening along with other emerging-market currencies as investors assessed weak Chinese data and a surprise interestrate cut from its central bank.
China’s economic recovery weakened in July as new Covid-19 outbreaks across the country weighed on consumer and business spending, clouding the growth outlook further. ..
Source: businesslive.co.za