US EditionRand Stable with Focus on Local Interest Rate Move
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Rand Stable with Focus on Local Interest Rate Move
The South African rand opened the week on a stable footing in early Monday trading, as investors turned their focus to the South African Reserve Bank’s (SARB) upcoming interest rate announcement, expected to be the week’s main economic event. As of 06:58 GMT, the rand was trading at 17.82 against the U.S. dollar, holding firm at the same level as Friday’s close. The SARB is scheduled to deliver its monetary policy decision on Thursday, after pau…
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