The rand was slightly softer on Tuesday afternoon, albeit range-bound, as the dollar recovered a little from its recent weakness. At 2.03pm, the rand was down 0.25% against the dollar at R14.0679, 0.05% against the euro at R16.0805, and 0.21% against the euro at $1.1431. The euro was 0.2% weaker at $1.1431. The greenback wobbled a bit after dovish commentary from US Federal Reserve vice-chair Richard Clarida on Monday. However, interest in safe-haven assets gave the dollar a bit of a boost on Tuesday. Global markets are watching Brexit developments and issues of the US-China trade war, although the Thanksgiving holiday on Thursday has subdued activity a little. The local currency is expected to be largely range-bound, taking direction from the dollar, until Wednesday when local inflation data for October will be released. The print comes ahead of the Reserve Bank’s interest-rate decision on Thursday, which, according to a Bloomberg consensus, could see a 25-basis-point increase in t...

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