The rand was little changed against major global currencies shortly before midday on Monday, as a number of local and international risk events put a dampener on sentiment.The dollar had regained lost ground against the euro, after the collapse of German coalition talks, while it firmed against most emerging-market currencies.The failure of the negotiations represented another big hit for German Chancellor Angela Merkel and the outlook was now "very uncertain", said Barclays Research analysts. It would be up to the president of Germany to decide whether to call another election.Meanwhile, Zimbabwean President Robert Mugabe defied expectations at the weekend and refused to resign, although reports on Monday morning suggested that he had agreed to do so.Local focus is on a Reserve Bank monetary policy decision on Thursday, while on Friday, ratings agencies S&P Global Ratings and Moody’s will release their latest credit reviews, and it is widely expected that further downgrades are on ...
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