Rand unchanged against the US dollar

SABC News Rand Dollar REUTERS 1 - Rand unchanged against the US dollar

The rand is unchanged against the greenback, with investors looking ahead to Wednesday’s release of local consumer price figures and the United States decision on interest rates.

The US Federal Reserve two-day meeting is expected to lay the groundwork for a rate cut later this year, which may heighten demand for emerging-market currencies.

The rand is currently trading at R14.79 against the dollar.

 

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