MARKET WRAP: Rand has first week of gains in three

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The JSE dropped for the fourth consecutive day on Friday 🔒

The rand has had its first weekly gain in three as attention remained on central banks this week.

The local currency strengthened for four days, supported by hope for dovish signals from the US Federal Reserve and the SA Reserve Bank keeping interest rates unchanged. However, it weakened on Friday.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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