Picture: BUSINESS DAY
Picture: BUSINESS DAY

The rand strengthened on Thursday morning to reach its best level since mid-April, with the local currency breaking through the R14/$ mark as markets continue to bet on the likelihood that the US Federal Reserve will cut interest rates soon.

Alfonso Esparza from Oanda spoke to Business Day TV about that.

Alfonso Esparza from Oanda spoke to Business Day TV about the factors at play in the rand's recent rally

Or listen to the full audio: