Rand on track for biggest weekly loss in three

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South Africa Headlines News

The rand has been the worst performing among emerging-market currencies tracked by Bloomberg over the past month

The rand was on track for its biggest weekly loss in three on Friday morning as the rising coronavirus death toll curbed global risk sentiment.

, down by 4.36%, followed by the Chilean peso down 4.14%. The currency’s performance has been affected by the global risk-off sentiment due to the spread of the coronavirus as well as concerns about SA’s economic trajectory ahead of the national budget speech next week.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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