The rand was marginally weaker on Wednesday morning, with few major catalysts to give the market direction.
Much focus is on the UK, where MPS will receive an update on Prime Minister Theresa May’s progress in Brexit negotiations. There may be votes on alternative approaches or amendments, but a vote on whether or not to reject her deal in its entirety is not expected to take place.US Federal Reserve chair Jerome Powell’s testimony before Congress continues on Wednesday, but Powell has failed to deliver any significant surprises.
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Rand weakens on fears of a weak #Budget2019 | IOL Business Report‘Minister needs to tread the line very carefully, especially when discussing the state of SOEs in the country and how to salvage them.’
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Rand strengthens after dropping to a seven-week low - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%The rand has regained some ground after dropping to a seven-week low against the greenback as traders wagered that Wednesday's budget speech would sway ratings agency Moody's from downgrading the country's debt to junk status next month.% Are they no longer manipulating it. Tell us when to start taking this loose rand seriously
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