Rand firmer as Jerome Powell’s speech takes focus
Markets anxiously await a speech by the US Federal Reserve chair on Friday evening, with the rand steady below R15.20/$
23 August 2019 - 09:53
The rand was a little firmer against major global currencies on Friday morning, but caution prevails on global markets ahead of a speech by US Federal Reserve chair Jerome Powell.
Traders are anxiously watching for any shift in tone from Powell, with markets betting on a series of interest rate cuts from the Fed, something which would support risk assets, including emerging market currencies...
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