Rand weakens before US Fed policy meeting
With the US Federal Reserve meeting looming, markets are expected to trade cautiously, one trader says
BL PREMIUM
09 June 2020 – 13:04
The rand was weaker on Tuesday, along its emerging-market peers with investors trading cautiously ahead of the US Federal Reserve’s policy meeting on Wednesday.
In its two-day meeting, beginning on Tuesday, it is expected that the Fed’s latest interest-rate decisions will be announced following the conclusion of the meeting.
Source: businesslive.co.za