The rand remained slightly weaker against major currencies at midday on Friday despite dollar weakness against other major currencies as traders squared positions off before the new year long weekend. Thin trade is also contributing to rand weakness. However, the local currency has managed to hold on to most of the gains it has made over the past few days. It hit a two-week best level against the dollar of R13.5542 in earlier trade on Friday before falling back through the R13.60/$ level in what is likely to be a very illiquid market over the next few days. Dow Jones Newswires reported that the euro rose on Friday in Asia, briefly climbing more than two US cents against the dollar, as market participants awaited further details of president-elect Donald Trump's economic policies. Hopes for Trump's fiscal stimulus and stronger growth have boosted the dollar against other currencies such as the euro since early November. It is yet to be seen, however, if the dollar will continue to ad...
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