Rand recovers a little ground against the dollar while the euro falls below dollar parity for the first time in almost 20 years
The JSE weakened while the rand hovered around October 2020 lows after the US reported worse-than-expected inflation data on Wednesday, further fuelling concern that the Federal Reserve will maintain its aggressive stance on taming rising prices.
The euro dropped below parity to the dollar for the first time in almost two decades on the news, with growing concern about rising recession risks in the euro area continuing to batter the single currency...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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