Meanwhile, one analyst says the market is expecting another interest rate cut, but believes there is a reasonable prospect of rates remaining on hold
17 September 2020 – 11:20
The rand snapped its four-day winning streaking on Thursday as markets await the SA Reserve Bank’s interest-rate decision later in the day.
At 10.10am, the rand had weakened 0.63% to R16.3745/$, 0.47% to R19.3157/€ and 0.54% to R21.1842/£. The euro had weakened 0.12% to $1.1797. The local currency is down 14.19% so far in 2020 year.