Rand on track for fourth day of losses

The rand was on track for its fourth day of losses on Thursday while markets await more clarity on the government’s plans to ease lockdown regulations. 

The local currency weakened past the psychologically important R19/$ mark for the second day this week as global risk sentiment waned. The rand’s one-week implied volatility is the third highest among emerging-market currencies at 23%, behind the Mexican peso and Turkish lira. 

Source: businesslive.co.za