Rand a touch softer in subdued trade
The budget policy statement on Wednesday is stealing focus, although global sentiment is still positive due to looming US-China trade talks
19 February 2019 - 10:23
The rand was slightly softer on Tuesday morning, as investors await fresh catalysts. Possible volatility for the local currency will come on Wednesday, when finance minister Tito Mboweni will deliver his much-anticipated budget policy statement. Until clarity is given on the state of government finances, the rand is expected to remain somewhat range-bound, analysts said.
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