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Currency: South African rand is stable

25/01/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The South African rand remained stable on Thursday in early trading. Investors await the release of producer price inflation data and the central bank's rate decision later today.

The rand strengthened on Wednesday after consumer inflation fell for a second consecutive month to 5.1% year-on-year in December, but analysts said it was unlikely to affect interest rates right now. At 0700 GMT, the rand traded at 18.8800 against the US dollar, little change from the previous close

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