South African Rand Extends Climb on Soft US Inflation Data
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#dd9f5be4 ver:0.27

The South African rand strengthens against the US dollar as soft US inflation data fuels speculations of rate cuts, attracting investors to South African assets. Positive performances in international markets have limited impact as focus remains on domestic factors like currency movements and political developments. Gold prices firm, providing support to precious metal stocks. The rand's strength is also attributed to slow US job growth and expected interest rate cuts. Market stability and confidence are boosted by Cyril Ramaphosa's cabinet announcement. Bank of America predicts 2% GDP growth if Eskom maintains momentum. Markets await US inflation data and Federal Reserve Chair's testimony for clues on interest rate path....

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 https://here.news/story/dd9f5be4?ver=0.27