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
31 July 2019 - 10:33
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. ..
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