The rand was firmer on Wednesday morning in line with some of its emerging-market peers amid hope that the US Federal Reserve could introduce more stimulus to ease the effects of Covid-19.
US Fed vice-chair Richard Clarida told CNN on Tuesday that the central bank still has more room to support the world’s largest economy as the surge in Covid-19 cases raises concern about the impact this will have on the economy.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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Rand slumps as market waits for news to aid directionThe local currency had firmed to an intraday best of R16.87/$, following some emerging market strength towards the end of last week
Source: BDliveSA - 🏆 12. / 63 Read more »
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Source: BDliveSA - 🏆 12. / 63 Read more »