Appetite for risky assets dwindle.
After one of the most painful months for emerging markets in years, traders will be watching for what comes next.
EM stocks are heading for their biggest weekly gain in nearly six weeks.
Both local and global factors are against the rand.
The JSE All-Share index weakens to more than two-month lows.
The Johannesburg All-Share index weakened to more than two-month lows.
Investors are steering away from risky assets and toward safe-haven bonds.
Rand leads losses among emerging market currencies.
Sentiments across markets are mixed as both trade war woes and Fed decision looms.
It is widely expected that the Fed will cut rates by 25bps when it meets on Tuesday.