The South African Rand continued its downward trend, hitting its lowest in nearly two weeks, as global economic worries and rising US Treasury yields deter investors. The currency's decline is heightened by concerns over South Africa's sluggish economic growth and falling commodity prices, notably gold. As the US inflation data release looms, the Rand's performance remains uncertain.
November 12, 2024
South African Rand Plummets Amid Global Economic Fears and Rising US Treasury Yields
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