October Is High-Risk Month for South Africa's Resurgent Rand
- Moody’s rating and Nene’s budget key for currency: Informa
- Bearish rand bets at lowest level in close to two months
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Emerging markets are rebounding from the second-quarter horror show but for South Africa’s rand, October still holds sizable risks.
Two events, in particular, loom large: Finance Minister Nhlanhla Nene’s medium-term budget policy statement, and a review of the country’s credit ratings by Moody’s Investors Service.