Rand is volatile after Reserve Bank politicking
The rand bucked a trend of firmer emerging-market currencies on Wednesday, weighed down by uncertainty over the Reserve Bank
05 June 2019 - 14:39
The rand was weaker on Wednesday afternoon, under pressure from poor economic data and political uncertainty around the Reserve Bank.
Meanwhile, most emerging-market currencies were benefiting from dovish comments from US Federal Reserve chair Jerome Powell on Tuesday night, after he said the world’s most influential bank was willing to cut interest rates to help stimulate a flagging US economy...
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