31 Mar 2020

Rand opened weaker on Tuesday, above 18.00 to the dollar, as pressure on emerging-market currencies added to the effects of Moody’s downgrade of the country’s credit to junk. At 09:00 the rand was 0.6% weaker at 18.0150 to the dollar, after a close at 17.9100 overnight in New York. On Friday, Moody’s downgraded South Africa’s rating

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