MARKET WRAP: Rand weakens ahead of uncertain interest-rate decision

The rand closed weaker on Wednesday as focus shifts to the SA Reserve Bank’s latest decision on interest rates, with analysts somewhat divided on the outcome.

Despite ending the day weaker, the local currency is still ahead this week, with risk appetite boosted by a possible Covid-19 vaccine and EU stimulus package.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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