Rand looks all set for a rough ride this week
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Trump’s Covid-19 diagnosis and the US election campaign has investors bracing for tremendous volatility
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04 October 2020 – 23:06
The rand is set for wilder swings after shrugging off intraday losses on Friday that at one point pushed it to its biggest drop in a week on news of President Donald Trump’s Covid-19 diagnosis amid a turbulent US election campaign.
Trading on Friday showed increased demand for options that protect against rand weakness, as measured in risk reversals, for the next month.
Source: businesslive.co.za
