The rand firmed alongside its emerging-market peers on Thursday morning ahead of US Federal Reserve chair Jerome Powell’s speech at the Jackson Hole symposium, as investors await more clarity on the Fed’s policy trajectory.
At 10.10am, the rand had strengthened 0.34% to R16.8283/$, 0.23% to R19.9167/€ and 0.13% to R22.2515/£. The euro was flat at $1.1835.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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