Rand firms as the hope of stimulus whets investors risk appetite
TreasuryOne’s Andre Botha says global currencies are drifting sideways as traders sit on their hands waiting for the Wednesday’s ECB meeting
10 September 2019 - 10:53
The rand was firmer on Tuesday morning, leading emerging-market currencies amid the mounting expectation that large economies may introduce stimulus packages.
“Global currencies are currently drifting sideways as the market is sitting on their hands waiting for the European Central Bank meeting on Wednesday as the main market mover for the week.” TreasuryOne senior currency dealer Andre Botha said.”..
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