The JSE could benefit from a positive session for major Asian bourses on Thursday morning, with the Bank of Japan pressing ahead with monetary policy support.
There is still risk aversion in currency markets, said Innes, amid growing demand-side risks in the economy, including China’s lockdowns and the war in Ukraine. The rand had extended losses on Thursday morning, on track for a ninth consecutive session of falls, trading 0.48% lower at R15.95/$. The local currency had touched R15.99/$ on Wednesday, and had last traded above the psychologically important R16/$ level in January.
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