Rand strengthens amid rising US Fed rate cut expectations and improving South African PMI data.
Rand strengthens as US Fed rate cut expectations rise; South Africa's PMI data reveals a slight increase in private sector activity. The rand's strength is attributed to softer-than-expected US data, improving risk appetite, and stabilizing China's property sector. This week, global markets will be closely watching central bank decisions and speeches from Fed officials for indications on future interest rates.
May 06, 2024
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