Rand gains further as business confidence improves to a three-month high
Markets will be watching meeting minutes from the US Federal Reserve later in the day amid expectations that it may cut rates further
The rand extended gains on Wednesday afternoon, appearing to ignore trade-war jitters as the SA Chamber of Commerce and Industry’s (Sacci) business confidence index (BCI) improved to its highest level in three months.
The BCI rose to 92.4 points in September from a 34 year-low of 89.1 in August. The latest figure was above Bloomberg’s median forecast of 89. ..