Rand hits weakest level since Lady R saga
US data spooks investors
Markets are now pricing in an over 50% chance of the Fed hiking rates later this year again, bets that the South African Reserve Bank will need to follow suit are on the rise.
Karl Gernetzky - The rand yesterday morning traded at its worst level against the US dollar since early June, with interest in the greenback surging as strong US data fuelled specu...
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