Connect with us

South Africa

The Rand Emerges to Reclaim its Past Glory as Top Spot Among Emerging-Market Peers

Published

on

Against all odds, the  rand has reclaimed its position as the best-performing emerging-market currency this year after being knocked off the top spot during last month’s bout of volatility.

A burgeoning trade balance and ample dollar liquidity are fueling the rebound and prompting traders to take bearish bets off the table, bringing its year-to-date to gain to around 4.2%.

Continue Reading
Advertisement

Trending

Sign up for our Newsletter

Enter your email and stay on top of things,

Subscribe!