Rand extends losses as emerging market currencies remain spooked

2 days ago
Emerging market currencies are apprehensive about possible Trump administration policies

12 November 2024 - 11:47

Rand news - Figure 1
Photo Business Day

by Lindiwe Tsobo

The rand was on track for a third day of losses on Tuesday morning as it weakened to a two-month low amid continued volatility.

Investors were closely watching the implications of Donald Trump’s upcoming presidency, particularly regarding potential inflation fuelled by fiscal policies and trade actions...

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