Story thread · 2 reports / 2 sources

News24 | Rand buckles as dollar and oil gain

news24.com · 11hShare

A double squeeze on the rand – a strengthening dollar and surging oil prices – saw the currency weaken sharply on Wednesday, as investors priced in further US rate hikes and fretted over the inflationary fallout of the Middle East conflict.

First report: Rand relatively steady ahead of SARB rate decision — sabcnews.com, 2d