South Africa's Rand Soars as Odds of Stable Coalition Rise [Yahoo! Finance]
CREDIT AGRICOLE UNSP/ADR (CRARY)
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Source: Yahoo! Finance
(Bloomberg) -- The rand strengthened by the most this year after publication of an opinion poll that boosted the odds of a market-friendly coalition emerging from national elections next month. Most Read from Bloomberg Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World Plunging Home Prices, Fleeing Companies: Austin's Glow Is Fading Huawei's New Phone Runs Latest Version of Made-in-China Chip US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes Fed's Preferred Core Inflation Gauge Rose at Brisk Pace in March The South African currency advanced as much as 1.6% to 18.7255 per dollar, its biggest increase since mid-December on a closing basis and the biggest gain among emerging-market currencies globally on the day, after a poll by Ipsos showed backing for the ruling African National Congress dropping to 40.2%. That's down from 40.5% in a survey published on Feb. 6, and 43% in October. Meanwhile support for the main opposition Democratic Alliance st
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