The rand, which surged 1.6% on Friday to R13.26/$ after a court opened the way for President Jacob Zuma to face corruption charges he has long avoided, held on to most of its gains on Monday morning.The rand was further boosted against the dollar on Friday by US inflation for September coming in at 2.2%, lower than an economists’ consensus of 2.3%. Although US inflation is above the Federal Reserve Bank’s 2% target, the rise was seen as temporary, making further interest rate increases in 2017 unlikely."The biggest surprise in the US economy this year has been inflation," Fed chairwoman Janet Yellen said in a speech on Sunday.The rand was trading at R13.30/$, R15.71/€ and R17.68/£ at 7am.Sasol may benefit on Monday from international oil prices rising about 1% on supply fears as Iraqi forces advanced against Kurdish Peshmerga fighters on Sunday.Rising oil prices helped BHP gain 2.31% to A$26.97, lifting Sydney’s S&P/ASX 200 index by 0.56%. Tokyo’s Topix index was up 0.8% and Hong Ko...
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