Rand Blowout ‘unlikely’
The rand fell to levels last seen in 2001 in recent weeks as the slowdown in China and a stronger dollar wreaked havoc among emerging market currencies. This fueled fears that the local currency could plummet to R20 to the greenback. But such a blowout is unlikely, reports Ingé Lamprecht for Moneyweb. Click to read the article “Rand blowout ‘unlikely’ “