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The rand was firmer against major global currencies on Thursday morning, bolstered by dollar pressure stemming from a gloomy assessment of the US economy in 2019. US Federal Reserve chair Jerome Powell has warned that slowing global growth in 2019 could remove a tailwind for the US economy, noting that this was being closely watched by the world's most influential central bank. The euro and pound were also under mild pressure, as markets considered the implications of a draft Brexit deal that received the UK cabinet's approval on Wednesday. The draft deal, which includes among other things a customs union agreement until the end of 2020 pending a new trade agreement, still requires the approval of the UK Parliament. Should this occur, the deal is expected to be signed on November 25. At 9.31am the rand was 1.1% firmer against the dollar at R14.2372, 0.79% against the euro at R16.1519 and 0.93% against the pound at R18.5286. The euro was 0.31% stronger at $1.1344. There are few major...

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