After a week of hawkish announcements and action by leading central banks, many analysts expected the rand would weaken as a result, but this has not been the case.
The rand firmed for a third straight day on Friday even as the Bank of England raised rates, albeit by a tiny amount, and the US Federal Reserve said it would accelerate the speed at which it tapers its current round of stimulus...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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