The rand remains under extreme pressure as foreign investors shun higher-risk emerging market assets, and the currency is in for a rough ride, said Moody's Economy.com on Friday. Concerns over the direction of commodity prices and the health of the economy will weigh on the local currency unit in the coming months, they say. "Risks to the outlook are mounting. Heavy reliance on portfolio investment and a high current account deficit make the country vulnerable to
The rand remains under extreme pressure as foreign investors shun higher-risk emerging market assets, and the currency is in for a rough ride, said Moody's Economy.com on Friday. Concerns over the direction of commodity prices and the health of the economy will weigh on the local currency unit in the coming months, they say. "Risks to the outlook are mounting. Heavy reliance on portfolio investment and a high current account deficit make the country vulnerable to
market sentiment," say the economists. - I-Net Bridge