It’s the rand.
It is widely expected that the Fed will cut rates by 25bps when it meets on Tuesday.
The US Federal Reserve is set to begin its two-day meeting on Tuesday.
Developing world currencies weaken as dollar gains on the back of positive US retail data.
The US dollar’s dominance could be diminishing.
China’s slow expansion rate comes on top of the bad news list.
Concerns over potential US sanctions on Turkey resurfaces, dragging the lira.
Currency strategists not backing a sustainable EM recovery.
Easing trade tensions between Washington and Beijing supported risk buying.
Fears over the United States’ aggressive trade policy is rattling markets.