Rand firmer, with focus firmly on Fed and Reserve Bank
Local currency set for fourth consecutive day of gains as investors await local and US rate decisions
16 September 2024 - 11:41
The rand was on track for a fourth consecutive day of gains on Monday morning, as investors looked ahead to the Federal Reserve and SA Reserve Bank monetary policy meetings this week.
The local currency touched an intraday best of R17.6217 “in line with a softer dollar and generally stronger emerging-market currencies”, said TreasuryOne currency strategist Andre Cilliers...
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