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In recent days, the Russian ruble, Indian rupee and South African rand have also tumbled dramatically ... especially ones with ties to China. Turkey's currency plunged as much as 18.5% on Friday ...
Johannesburg – The rand is the 20 th most traded currency, making up 1% of the world’s daily ... But trade in other emerging market currencies such as China, Russia, Mexico, and Turkey has been faster ...
South Africa and Turkey are both in the "fragile ... to yield an interest rate hike. "The Turkish currency, which we were following, has (recovered) dramatically on the back of that and therefore the ...
The local currency's recovery has largely been ... But a suicide bombing in Turkey, which put pressure on the rand's emerging market peer the lira on Monday, could be the rand's undoing.
analysts are expecting the rand to track global drivers once more. "The contagion spillover effect from Turkey and rampant dollar remain the key drivers," Andre Cilliers, currency strategist at ...
There’s more Monday morning pain to come for South Africa’s rand as Japanese retail investors are forced to end their romance with the currency ... the currencies of Turkey, Australia and ...
The major factors affecting Turkey and its currency (the Lira ... we do believe that the rand could correct back to at least the R14.15/$ to R14.00/$ levels. Between R13.60/$ and R14.00/$ we ...
The rand is poised to weaken against the lira as Turkey’s central bank sells more dollars to curb the currency’s drop and South Africa’s Reserve Bank refrains from stemming the rand’s ...
"The hike in interest rates seemed to have done the trick but the geopolitical situation in Russia and Turkey seems ... be translating into rand weakness, too.The domestic currency weakened ...
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