Rand continues to take hammering
By Siphelele Dludla | Published Oct 6, 2023
The local currency fell further to R19. 61 against the US dollar as the greenback buoyed by 16-year high US Treasury yield.
By Siphelele Dludla | Published Oct 6, 2023
The local currency fell further to R19. 61 against the US dollar as the greenback buoyed by 16-year high US Treasury yield.
By Siphelele Dludla | Published Oct 5, 2023
The rand has been pressured by a stronger dollar and surging US Treasury yields, which has been driving investors to the greenback, amid expectations that monetary policy will need to stay restrictive for “some time” to bring inflation back down to the 2% target in the US.
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