Rand subdued with all eyes on budget speech
The US Fed’s monetary policy decision is likely to drive global markets on Wednesday
30 October 2019 - 11:11
The rand was subdued on Wednesday morning as investors awaited the medium-term budget policy statement (MTBPS), as well as the US Federal Reserve's interest rate decision later in the day.
The markets are waiting to hear the size of the government's budget deficit as well as further clarity regarding the funding of Eskom, as finance minister is set to deliver the MTBPS on Wednesday afternoon...
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