Rand, bonds, JSE all suf­fer |

Pretoria News - - BUSINES REPORT -

THE RAND weak­ened more than 2 per­cent yes­ter­day and bonds fell after the cur­rent ac­count deficit widened in the third quar­ter and power firm Eskom said it was con­sid­er­ing re­struc­tur­ing its debt, dim­ming in­vestor ap­petite for the cur­rency.

At 5pm, the rand bid at R14.1834 to the dol­lar, 37 cents softer than at the same time on Wed­nes­day. It ear­lier reached a ses­sion-worst R14.2050 after clos­ing at R13.85 overnight.

Sen­ti­ment to­wards the cur­rency was ini­tially hit by gen­eral risk off trade that weighed down most emerg­ing cur­ren­cies as wor­ries about the im­pact of the US-China trade war on global growth con­tin­ued to rip­ple through mar­kets.

Data show­ing the cur­rent ac­count deficit widened to 3.5 per­cent of gross

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