MARKET WRAP: Rand touches best level in one month

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Sverige Nyheter Nyheter

Government’s efforts to appear neutral in the Russia-Ukraine conflict saw the local currency firm for the eighth consecutive session

The rand touched its strongest levels in a month on Monday, while the JSE closed weaker with this week’s focus on policy decision from the US Federal Reserve.

The local currency firmed for the eighth consecutive session — the longest winning streak in almost two years — as efforts by the SA government to strike a neutral balance in its stance on the Russian invasion of Ukraine eased fears of geopolitical risks...

 

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