South Africa’s rand plunged against the dollar after Moody’s Investors Service said the pace of fiscal consolidation will be slower than government forecasts as weaker-than-expected economic growth and a rising public sector wage bill act as fiscal headwinds.
The dollar rose to 14-month highs against a currency basket on Wednesday, as fears over the impact of Turkey's currency crisis and global trade tensions bolstered safe haven demand.
The dollar was trading near 13-month highs against a currency basket on Wednesday amid fears over contagion effects from Turkey's financial crisis, while the Turkish lira rallied after Ankara hit the U.S. with fresh tariffs.
Ethereum was trading at $291.72 by 18:06 (17:06 GMT) on the Investing.com Index on Monday, down 10.43% on the day. It was the largest one-day percentage loss since June 22.
Ethereum fell bellow the $299.36 level on Monday. Ethereum was trading at 299.36 by 16:45 (15:45 GMT) on the Investing.com Index, down 6.7% on the day. It was the largest one-day percentage loss since August 10.