Local assets rally on cooling US inflation
SA investors place their bets on the Fed going easy on its recent aggressive rates hikes and announcing a smaller rise next month
13 November 2022 - 18:19
Local assets rallied on Friday, adding to the previous session’s strong gains as investors bet that cooling inflation in the US may see the Federal Reserve ease up a little on its aggressive rate hiking.
After trading at its weakest levels in two years just a month ago, the rand broke below R17.30/$ for the first time in two months on Friday while the local bourse rallied to its best level in almost seven months...
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