South African Rand’s Recovery Shown in Three Charts
- Currency rallies as volatility fades and bond outflows ease
- Fed’s cautious approach to tightening bolsters risk appetite
Commercial properties, residential buildings and skyscraper offices on the skyline viewed from a rooftop bar in Johannesburg, South Africa.
Photographer: Guillem Sartorio/BloombergThis article is for subscribers only.
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After a rough start to the second half, South Africa’s currency and bonds are primed for a rebound as debt concerns ease and the Federal Reserve signaled a measured approach to tapering.