117 days ago • Posted by William Ramstein

South African rand performs

The South African currency has gained 5% against the dollar this month, the most out of more than 140 currencies tracked by Bloomberg. It’s riding the wave of a global risk-on trade spurred on by a weaker dollar, prospects of U.S. stimulus and the global hunt for yield. Vaccine rollouts across the world have also helped to improve the outlook for the global economy, boosting the prices of metals and other commodities. Source: WSJ