South African Rand Stable as Markets Await US Interest Rate Hints
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#dd9f5be4 ver:0.26

The South African rand remains stable as markets await US interest rate hints. The rand's recent gains against the dollar are attributed to speculations of US rate cuts, attracting investors to South African assets. While international markets perform well, the focus remains on domestic factors such as currency movements and political developments. Gold prices also provide support to precious metal stocks. Despite challenges, the rand's strength is influenced by slow job growth in the US and Cyril Ramaphosa's cabinet announcement. Bank of America predicts 2% GDP growth if Eskom maintains momentum. Overall, cautious investors navigate geopolitical tensions and uncertainty in monetary policy decisions. #SouthAfrica #Rand #Investment #Economy...

#newstr #SouthAfricanRand #UsInterestRate #FederalReserve #JeromePowell #InflationData 

 https://here.news/story/dd9f5be4?ver=0.26