The rand was slightly weaker on Thursday morning after firming overnight on a stronger euro, following the release of the latest US Federal Reserve minutes.Trade was subdued on the Thanksgiving holiday in the US and ahead of this week’s Black Friday.The market was awaiting the Reserve Bank’s interest-rate decision later in the day. Although no change in rates is expected, the monetary policy statement could provide further clues on the Bank’s views on inflation."The rand has continued to perform resiliently despite a backdrop of uncertainty and various potential risk events, " Nedbank Corporate and Investment Banking analysts said.Moody’s and S&P Global Ratings are set to announce their latest credit rating on SA after the markets close on Friday.The Fed minutes indicated a resolve among Fed members to increase rates "in the near term", but provided little guidance on possible increases in 2018.With three weeks to go until the Fed’s final scheduled meeting of 2017, the minutes reinf...
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