The U.S. Federal Reserve Bank leaves interest rates unchanged as expected at <0.5% causing the Dollar to weaken to $1.12/€ whilst the Rand gained significant strength to, near ‘pre- finance minister Gordan news’, R13.52/$ as shown in the 5min graph below. Next up: South African interest rate decision this afternoon at 15:00. Interest rate and prime overdraft rate expected to remain UNCH at 7% and 10.5% respectfully
US-ZAR
on 5 October , 2016
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