Johannesburg - World markets, including the JSE, continued their recovery on Friday as the dollar nursed its losses after an extended rally which pushed the currency to its highest level in 12 years against a basket of currencies.
The dollar pulled back after worse-than-expected US retail data, which helped to ease fears that the Federal Reserve will increase interest rates sooner than expected to combat inflation.
The strong dollar is having a negative effect on markets worldwide. US investors are worried that a strong currency will hurt American companies' overseas interests, while emerging markets are concerned about the severe impact the stronger dollar have on commodity prices.