Market News
South African rand slides as Trump claims victory - REUTERS
JOHANNESBURG, Nov 6 (Reuters) - The South African rand slid against a buoyant dollar on Wednesday as "Trump trades" surged, after Donald Trump claimed victory in the U.S. presidential election.
At 0851 GMT, the rand traded at 17.5775 against the dollar , down 1.1% on its previous close. It earlier weakened as much as 2.5% against the greenback.
The dollar was set for its biggest one-day rise since March 2020 and was last up 1.5% against a basket of currencies.
