South African Rand At Weakest Point Against Dollar In A Week
Headlines Africa
Welcome
Login / Register

South African Rand At Weakest Point Against Dollar In A Week

Thanks! Share it with your friends!

URL

You disliked this video. Thanks for the feedback!

Sorry, only registred users can create playlists.
URL


Added by Headlines Africa in South Africa
276 Views

Description

South Africa and other emerging market currencies fell sharply on Tuesday, after China moved to devalue its currency. China's move followed the release of weaker than expected trade data. The Rand has slumped to 12.80 against the dollar, its worst level in almost 14 years. The Rand has been under pressure in recent months reacting to a pending rate hike in the US and China's move could have added concerns. CCTV's Sumitra Nydoo reports.

Post your comment

Comments

Be the first to comment