MARKET WRAP: Rand at strongest levels in two weeks, JSE muted
Attention this week turns to the Fed and US and Eurozone GDP data
25 July 2022 – 18:45
The rand held steady below R17 against the dollar on Monday, touching its best level in two weeks, with focus squarely on the US Federal Reserve’s monetary policy decision this week.
The local currency extended the previous session’s gains, supported by the surprise 75 basis point interest rate hike by the SA Reserve Bank last week and breaking the key level of R16.80/$…
Source: businesslive.co.za
