Rand Gains to 2-Week High as Nedbank Sees Rally Fading With Fed

  • Fed interest-rate increase may reignite rand weakening trend
  • Bond yields drop to lowest level in more than seven weeks

South Africa’s currency advanced for a fourth day and bond yields fell to a seven-week low as commodity prices rebounded and bets of a delay in U.S. interest-rate increases boosted emerging-market assets.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.