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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