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Friday, February 24, 2023

Fundamental: Market Signals Point to Rand’s Revival After Weeks of Losses

Forex Factory
 
 
Alert Alert Feb 25, 2023, 2:15am
 
Fundamental: Market Signals Point to Rand's Revival After Weeks of Losses
South Africa's rand is on track for a sixth consecutive week of declines versus the dollar — but there are indications the selloff may be about to ease. One of this year's worst emerging-market performers, the rand has carried a heavy risk premium amid concerns about the nation's growth as state-owned power company Eskom Holdings SOC Ltd deploys ...
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