Pressure on emerging markets comes from wild swings in the Turkish lira, while global bond yields are also in focus
The rand was weaker on Thursday afternoon, but was avoiding the losses seen in the Turkish lira, which slumped 5% at one point.
At 2pm, the rand had fallen 0.93% to R14.735/$, 0.68% to R16.5413/€ and 0.61% to R19.3342/£. The euro was 0.25% weaker at $1.1226.Local focus is on the Reserve Bank interest-rate decision later. No change in rates is expected, but the tone will be scrutinised, amid volatility in the rand and recent dovish language from major global central banks.
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