Rand gains along with emerging-market peers
The US Fed indicates more stimulus as Covid-19 surges in that country, and investors move to safe-haven assets such as gold
The rand was firmer on Wednesday morning in line with some of its emerging-market peers amid hope that the US Federal Reserve could introduce more stimulus to ease the effects of Covid-19.
US Fed vice-chair Richard Clarida told CNN on Tuesday that the central bank still has more room to support the world’s largest economy as the surge in Covid-19 cases raises concern about the impact this will have on the economy. ..