South African rand holds firm amid cooling US data, Middle East uncertainty
JOHANNESBURG: South Africa’s rand was little changed on Friday as easing US inflation boosted speculation the Federal Reserve would keep rates on hold, while Middle East tensions supported the dollar. At 0818 GMT, the rand traded at 16.18 against the dollar, little changed from its previous close of 16.1924. Risk sentiment remained fragile after the United States signalled it could maintain its…
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