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Maroc - iafrica.com - A La Une - 06/11/2024 19:12
South African Rand Tumbles After Trump Victory
The South African rand dropped sharply to R17.81 against the dollar on Wednesday, marking a 3% decline as Donald Trump’s upcoming return to the White House spurred global investor anxiety. The development, signaling increasing risk aversion, is impacting emerging markets, with heightened geopolitical uncertainty and anticipated US tariffs adding pressure. The yield on South Africa’s…
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