The rand was slightly softer against major global currencies on Tuesday afternoon, with global focus remaining fixed on the dollar, as investors await further signals that the US Federal Reserve will move more aggressively to tighten monetary policy.The relative economic strength of the US compared to that of the eurozone has seen the dollar reach three-month highs against the euro this week. A rising oil price, which earlier climbed above $75 a barrel for the first time since 2014, has also stoked inflation fears.On Tuesday afternoon, the euro was flat against the greenback. Earlier, data showed business sentiment in the eurozone’s three leading economies slid in April."The greenback rally may have paused, but looks to push higher as US rate remains elevated and US data shows steady growth," BK Asset Management MD Boris Schlossberg said.The stronger dollar has also followed a spike in US Treasury yields.All this could mean that the rand was in for some volatility along with other e...
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