Rand at six-week high against the euro ahead of EU central bank meeting
Investors bet that the ECB will put in place stimulus measures
12 September 2019 - 10:17
The rand strengthened to its best level in six weeks against the euro on Thursday morning as investors bet on the likelihood that the European Central Bank (ECB) will put in place stimulus measures.
Markets are expecting the ECB to lower its deposit rate and introduce stimulus efforts. The bank’s meeting on Thursday comes just a week before the US Federal Reserve is expected to announce its decision on interest rates as fears of a global economic slowdown persist...
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