Rand slips as dollar lifts after US Fed’s interest-rate decision

The rand broke its three-day winning streak on Thursday, weakening along its emerging-market peers, as the dollar steadied after the US Federal Reserve moved to keep interest rates near zero.

The Fed gave assurance on its asset-purchase programme, and said rates were likely to remain near zero to the end of 2022 as policymakers work to support the economy’s recovery from the Covid-19 battering.