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South Africa’s rand steady as Fed cut bets fade

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Tom Cruise
South Africa’s rand steady as Fed cut bets fade

JOHANNESBURG (Liberal Tribune) – South Africa rand stabilized against a firmer dollar in evening business on Monday.

After previous week’s strong U.S. jobs information lowered prospects of a sharp Federal Reserve interest amount cut.

Also Read: China launches its longest extra-high voltage power line –Xinhua.

Stocks closed a little higher:

At 1505 GMT the rand was interchange at 14.1525 each dollar, not far off it’s near of 14.1800 on Friday.

“With the economic chart in South Africa comparatively light this week.

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