Rand Poised for Rebound as Options Market Turns More Bullish
(Bloomberg) -- Positioning in the options market suggests South Africa’s rand is poised for a rebound that may be as steep as its rapid decline in December.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Ho Chi Minh City Opens First Metro Line After Years of DelayThe rand is on track for its worst December performance since 2015, and its biggest quarterly decline in more than two years. That came after hedge funds liquidated long rand-dollar futures at the fas