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Better electricity production and interest rate cuts are adding to the risk-on play in the rand, one analyst says
27 September 2024 – 11:03
by Lindiwe Tsobo
The JSE and the rand were little changed on Friday morning, as investors awaited the key US inflation report due later in the day.
The all share closed the previous session at a record high of 87,327 points after data from the US on Thursday pointed to sustained momentum in the country’s economy, easing concerns that the US Federal Reserve had acted too slowly in easing monetary policy…
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