S.Africa's rand weaker as rising Asian coronavirus cases dent risk demand


Source: sharenet.co.za sharenet.co.za

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Most Read S.Africa's rand weaker as rising Asian coronavirus cases dent risk demand South Africa's rand weakened early on Monday as fears of a new wave of COVID-19 infections in Asia dampened demand for emerging market currencies. New virus outbreaks triggered some lockdown restrictions in Singapore and Taiwan, and increased bids for the safe-haven dollar, as well as for gold, with investors awaiting more details on the impact of the new wave. At 0600 GMT the rand was 0.18% weaker at 14.1600 per dollar compared to a close of 14.1350 on Friday in New York. The rand saw mixed trade...