Rand stable below R14/$ as greenback wobbles on dovish Fed

Global focus is on issues of the US-China trade war and the future of UK Prime Minister Theresa May, although local events could take the reins later in the week.

On Thursday, the Reserve Bank is widely expected to raise interest rates 25 basis points, although some analysts have said that SA’s tepid economic growth, and recent stability in the rand, could prompt the Bank to keep rates on hold.

At 2.25pm the rand was unchanged against the dollar at R13.9929 and to the euro, at R15.9795, while it had fallen 0.31% against the pound to R17.9282. The euro was flat at $1.142. 

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