Rand breaks past R13.50/$ as global markets welcome Fed’s policy signals
03 June 2021 - 07:39
The JSE faces mixed Asian markets on Thursday morning, but the rand was trading at its best level to the dollar in about 26 months, boosted overnight by comments from a US Federal Reserve official.
The rand jumped 1.73% against the dollar in overnight trade on Wednesday, its best performance in three months, with the local currency dipping below R13.50/$ on Thursday for the first time since February 2019...
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