MARKET WRAP: Rand gains on upbeat sentiment over US infrastructure bill
The JSE came within about 200 points of its record high, before weakening a little by the close, as Covid-19 cases rise again in some countries
02 August 2021 - 18:27
The rand was among the best-performing emerging-market currencies on Monday as investors welcomed progress in the US infrastructure bill, which increased risk sentiment generally.
The unveiling of the roughly $1-trillion bipartisan infrastructure bill at the weekend, containing $550bn of new spending over five years, lifted sentiment.The bill is expected to be passed in the next few days after an amendment process...
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