Rand firms as outlook for US Fed rate cut dominates markets
Talk of monetary policy easing in the US has overshadowed local political developments, with the rand remaining fairly resistant below R14/$
22 July 2019 - 16:00
The rand was firmer on Monday afternoon as focus remains on US monetary policy. Investors are betting on the likelihood that the US Federal Reserve will cut interest rates at its meeting next week.
Talk of monetary policy easing in the US has overshadowed local political developments, with the rand remaining fairly resistant below R14/$...
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