Rand strengthens as markets await US Fed interest-rate decision
Markets have priced in a 25 basis-points cut at today's Fed meeting, but the focus is on whether the Fed will ease monetary policy any further in the coming months
The rand was firmer against the dollar on Wednesday morning ahead of the US Federal Reserve's interest-rate decision, amid speculation that the Fed will cut the rate for the first time in more than a decade.
Markets have priced in 25 basis-point cut at today's Fed meeting; however, the focus will be on whether the Fed will ease monetary policy any further in the coming months. ..