The rand touched its best level in more than a week
13 September 2023 – 18:47
The JSE pared losses on Wednesday, with global peers mixed, while the rand touched its best level in more than a week as investors digested the US consumer inflation report.
US inflation rose 0.6% in August, as measured by the consumer price index (CPI), and was up 3.7% from a year ago. Economists surveyed by Bloomberg were looking for respective increases of 0.6% and 3.6%…