Rand steady, but long-term outlook remains cloudy
The local currency has steadied on Friday morning as focus shifts to upcoming risk events, including next week’s US Federal Reserve policy announcement
The rand was little changed on Friday morning, looking set for a second day of range-bound trade, as markets waited for fresh catalysts.
At 9.30am the rand was flat at R14.861/$ and R16.7598/€, while it had firmed 0.13% to R18.8231/£. The euro was unchanged at $1.1277.