Bad news for the rand, interest rates - for now
The Trump trade
While the incoming US president favours a weaker dollar, his stance on immigration and trade tariffs could be inflationary, resulting in higher-than-expected global interest rates and a stronger greenback.
Garth Theunissen - Donald Trump’s victory in the 2024 US presidential election may have just worsened prospects for the rand, the JSE and the broader South African economy.Still
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