Iran Reescalation Risk Can Spike Rand Levels

Traders are tracking the rand after signs that the US and Iran could close in on a deal that would reopen the Strait of Hormuz. The South African currency was the best performer against the US dollar among 14 major currencies. Kgothatso Baloyi, Trading Structurer at RMB spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East and Africa about the performance of the rand. (Source: Bloomberg)