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South Africa , Monday 01 June 2026

S.Africa's rand gains on Tuesday but eyes on U.S. Fed interest rate decision

Published on: Tuesday 03 May 2022

S.Africa's rand gains on Tuesday but eyes on U.S. Fed interest rate decision South Africa's rand regained some strength against the dollar on Tuesday, though the unit hovered near its weakest levels in nearly four months amid an elevated greenback and an imminent interest rate hike by the U.S. Federal Reserve.


News source: https://www.reuters.com/world/africa/safricas-rand-hovers-near-5-month-low-with-focus-fed-meeting-2022-05-03/

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