South African rand softens, focus on Fed rate path
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The South African rand weakened to R17.90 against the dollar, down 0.4% in early trade on August 22, 2024; Andre Cilliers, a currency strategist at TreasuryONE, noted the rand's decline amid expectations of U.S. economic data and Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium; Federal Reserve minutes indicated a likely interest rate cut in September; South Africa's benchmark 2030 government bond yield remained unchanged at 9.12%.

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https://www.cnbcafrica.com/2024/south-african-rand-softens-focus-on-fed-rate-path/