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The South African rand traded around 16.4 per USD, its weakest level since early August, as stalled US-Iran negotiations pushed oil prices higher, weighing on risk-sensitive currencies in oil-importing economies. At the same time, heightened geopolitical uncertainty boosted safe-haven demand for the greenback, while de
MSCI EM stocks down 0.9%, FX slips 0.5% US 10-year Treasury yield hits highest level since 2007 South African rand hits seven-week low after central bank's 25 bps rate hike Turkish finance minister to hold meetings on fund liquidation crisis By Utkarsh Hathi Sept 24 (Reuters) — An index of emerging market currencies he
The rand traded around 16.2 per USD, its lowest since late August. It was pressured by higher oil prices and a firmer dollar amid rising expectations of a Fed rate hike next week.