JOHANNESBURG - There are few major events on Wednesday to give the rand its direction, so focus is on Thursday's European Central Bank policy announcement.
The rand was slightly softer against major global currencies on Wednesday morning, with markets treading water pending fresh catalysts.Traders are keeping an eye on the US-China trade talks, while the European Central Bank’s interest rate announcement on Thursday could also give the market some direction.At 9.30am the rand was 0,42% weaker at R14,222/$, 0,33% softer at R16,0692/€, while remaining flat at R18,6743/£. The euro was flat at $1,1298.
Although there was little to give the market direction on Wednesday, there seemed to be some momentum in favour of the dollar, he said.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Newsdeck: South African Business Confidence Declines to Five-Month LowSouth Africa: South African Business Confidence Declines to Five-Month Low By Bloomberg
Lees verder »