Rand extends losing streak to fifth day
The local currency is down more than 12% over the past month
BL PREMIUM
17 April 2020 – 12:12
The rand was on track for its fifth day of losses on Friday morning, with global matters at the forefront amid fear that the Covid-19 pandemic will result in the worst economic slump in decades.
The local currency, which is down 12.75% over the past month, has been battered by the rapid spread of the coronavirus, which has devastated global economic activity.
Source: businesslive.co.za