South Africa

By Lukman Otunuga, Senior Research Analyst, FXTM The Rand has fallen out of favour with investors today, tumbling roughly 1.0% against the Dollar to hit 14.68 following the abysmal announcement that the South African economy contracted by 0.6% during the third quarter of 2019. Unfavourable global macroeconomic conditions inspired by world trade uncertainty are certainly not providing the South African economy any favours, while domestic risks continue...