Market Watcher: The rand stands its ground

Independent financial analyst Terence Hove unpacks the rand’s performance as it breaks through R16.30. He discusses fuel and interest rate hikes, and the impact of positive ratings developments and fiscal consolidation, which have helped the rand hold its ground against other currencies. He also looks at how the volatile US-Iran standoff is clouding market sentiment and affecting global equities, as well as developments in crypto valuations.