The rand was slightly weaker against major global currencies on Thursday morning, having touched R15/$ overnight, when US Federal Reserve chair Jerome Powell played down the chances of further interest-rate cuts in the US.

Testifying before Congress, Powell struck a dovish tone, though he did warn that US unemployment was rising...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now