South African Rand Flash-Crashes 10% As Turkey Contagion Spreads
South African Rand Flash-Crashes 10% As Turkey Contagion Spreads by Tyler Durden, https://www.zerohedge.com/ Amid increased anxiety over Ramaphosa’s white farmer land confiscation and reports of a $4.2 billion bailout of state-owned enterprises, the Emerging Market rout in Turkey has sparked a collapse in the Rand in early Asia trading. – The Rand crashed 10% against the dollar almost instantaneously as …