Rand firmer ahead of Fed’s interest rate announcement
Local currency on track for a sixth consecutive day of gains traders await outcome of Federal open market committee meeting
18 September 2024 - 11:45
The rand was on track for a sixth consecutive day of gains on Wednesday morning, while the JSE was weaker amid mixed global markets, with investors awaiting the much anticipated outcome of the Federal Reserve meeting later.
Investors are expecting the Fed chair Jerome Powell to announce the first rate cut this evening after the policymakers conclude the two-day Federal reserve open market (FOMC) September meeting...
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