Rand breaks below R15/$ as focus turns to Godongwana’s maiden Budget Speech
The rand broke below the R15.00-level to the US dollar ahead of Finance Minister Enoch Godongwana’s maiden Budget Speech later this afternoon, ignoring Russian market jitters and the ruble eyeing record lows. Bloomberg reports that options pricing suggests there’s a 50% chance the ruble will sink to a record low against the dollar within the …
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