Rand Stumbles Amid Stronger Dollar and Dovish Rate Outlook as Markets Eye Fed's Next Move

Rand Stumbles Amid Stronger Dollar and Dovish Rate Outlook as Markets Eye Fed's Next Move

The South African Rand fell 1.15% to 18.71 against the USD last week, pressured by a dovish interest rate outlook, a stronger US Dollar, and a disappointing Q1 GDP growth rate of -0.1%.

Published on 14 June 2024

The South African Rand fell 1.15% to 18.71 against the USD last week, pressured by a dovish interest rate outlook, a stronger US Dollar, and a disappointing Q1 GDP growth rate of -0.1%. 

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