Rand weakens as US retail data exceeds market expectations
Retail sales for June saw a 0.4% month-on-month rise, the same as in May, and twice as much as expected
16 July 2019 - 16:16
The rand was weaker against the dollar on Tuesday afternoon after US retail sales exceeded market expectations slightly, as investors anxiously watch US economic data ahead of the US Federal Reserve’s (Fed's) interest-rate decision.
Retail sales for June rose 0.4% month on month, unchanged from May, and double the 0.2% expected by analysts in a Bloomberg poll...
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