This morning USDZAR was up 0.5 % to 18.5 as lock down restrictions were lifted. A rally in gold prices also helped commodity-linked currencies. Gold was up 1 % on Monday to its highest in more than seven years.
Gold up & rally in EMFX? Read more about the how commodities are linked to Emerging market currencies here
Virus brushed a side by LatAm FX.
EM Credit outflows turn to inflows 💰 .