Rand strengthens as US rate-cut talk gains momentum
Investors will be keeping a close eye on the G20 summit later this week as Donald Trump and Xi Jinping are set to meet
25 June 2019 - 15:30
The rand was firmer against the dollar on Tuesday afternoon as expectations that the US Federal Reserve will cut interest rates as early as July continue to put the dollar under pressure.
The Fed hinted that it may loosen monetary policy should the US-China trade war and weak inflation persist. Markets have already priced in the chance of a rate cut in July at 100%. ..
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