The rand broke above R17/$ for the first time since October 2020, with the euro weakening further to almost equal a dollar for the first time in about two decades as investors continue to rush to the perceived safe haven of the greenback.
The rand has lost more than 5% to the dollar so far this month as negative sentiment both on the local and international front have hammered emerging-market currencies...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: