20210217 - RMB Markets Daily: Risk rally snaps on inflation fears
Following yesterday’s close of 14.44 against the US dollar, the rand is on the backfoot this morning, opening today’s trading session at 14.69. The snap this morning follows six consecutive days of the rand grinding stronger and is fuelled by fears that the stimulus-led recovery will lead to inflationary pressures. See omnystudio.com/listener for privacy information.