MARKET WRAP: JSE firmer ahead of US Fed’s policy meeting

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Rand volatility continued with the currency ending a see-saw week on a high note

The JSE closed firmer on Friday, as investors digested the outcome of the European Central Bank meeting, as focus now shifts to the US Federal Reserve policy meeting next week.

The ECB left its asset purchases and interest rates unchanged but the main area of interest was the strength of the euro: president Christine Lagarde said the bank is keeping an eye on that but sees no immediate need to intervene.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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