News Snapshot:
South Africa's rand weaker as rising Asian coronavirus cases dent risk demand In a poll by Reuters last week, all 25 of economists surveyed see the Monetary Policy Committee (MPC) of South Africa's Reserve Bank (SARB) keeping its repo rate unchanged for a fifth straight meeting at a record low 3.5% next week. Reuters 17 May 2021 Comments JOHANNESBURG: 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...
