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...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.