Fed cuts could lead to the rand to ‘blow out’, analysts say
US data have weaken significantly since the beginning of the year, say analyst
BL PREMIUM
23 July 2019 – 05:00
The rand’s rally to a five-month high against the dollar may be short lived as investors focus more on the impact of a slowing US economy than on Federal Reserve interest-rate cuts that may increase the appeal of higher-yielding assets such as South African bonds.
Source: businesslive.co.za
