The rand was weaker against major currencies on Thursday morning after earlier reaching a five-month high to the euro as markets anticipate a dovish response from the European Central Bank (ECB) ahead of its interest-rate decision later in the day.
The ECB is one of several major central banks that have signalled possible monetary policy easing amid concern about a slowdown in global economic growth. In June, ECB president Mario Draghi said the central bank may need to loosen monetary policy if inflation remained low...
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