The rand was flat against the dollar on Tuesday morning ahead of US Federal Reserve chair Jerome Powell's testimony before US Congress this week.

Powell is expected to give an outlook for US monetary policy on Wednesday as expectations that the Fed will cut interest rates become faint. The Fed will also release its meeting minutes for June. 

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now