Rand slumps as market waits for news to aid direction
The local currency had firmed to an intraday best of R16.87/$, following some emerging market strength towards the end of last week
BL PREMIUM
06 July 2020 – 12:19
The rand was weaker on Monday, in line with its emerging-market peers as investors remain cautious about the rising number of Covid-19 cases globally, while markets awaits fresh news for direction.
The local currency firmed to an intraday best of R16.87/$, according to Infront data, following some emerging-market strength towards the end of last week.
Source: businesslive.co.za