Rand may have first day of gains in five on Fed stimulus

The rand was on track for its first day of gains in five, strengthening alongside its emerging-market peers on Tuesday as more stimulus measures by the US Federal Reserve aided sentiment.

The Fed announced on Monday that it would purchase an unlimited amount of US treasury bonds and mortgage-backed securities. This is one of several measures taken by the Fed in an attempt to combat the economic effects of Covid-19.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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Rand may have first day of gains in five on Fed stimulusThe number of confirmed Covid-19 cases in SA had risen to 554 on Tuesday morning
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IN PICS | Soldiers arrive at Rand Light Infantry in Johannesburg“The SANDF would like to confirm that the soldiers seen in Johannesburg is part of the SANDF's mobilisation phase as part of normal preparations for support to Government and it is not a deployment as speculated.”
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Rand at record low ahead of possible lockdownThe rand weakened to as much as R17.89/$ on Monday, with President Cyril Ramaphosa set to give an address later Then its lockdown, we stay home, no income, can't afford food and basic services. great times ahead indeed for SA, its people and the Rand, GREAT TIMES.
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Owner of sunken coal ship slaps ports authority with multibillion-rand claimAlpha Marine claims negligence in allowing the ship to sail and subsidiary’s pilots leaving it
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Coronavirus in South Africa: Rand tanks furtherInvestors are now ditching emerging market currencies like the rand and are flocking into haven assets on fears, that COVID-19 will collapse economies globally.
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Rand will remain extremely weak in coming days, warn economists - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Economists have warned that the rand will remain extremely weak in the coming days as the coronavirus continues to ravage global markets. Right now we busy staying mad and trying to survive this US/Europe/China biological war, to worry about an economy.. Fcuck these so called first world countries 🖕🖕🖕🖕 And that's okay, health and life is worth more. Did the pound and dollar weaken since this pandemic occured though?😕Why is it always the rand weakening , I seriously don't understand
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