Wednesday 14 November 2018
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ebusinessweekly - 28 days ago

Rand retreats due to hawkish Fed, mining data ahead

JOHANNESBURG South Africa’s rand retreated early on Thursday after minutes from the U.S. Federal Reserve’s September meeting struck a hawkish tone, draining some of the enthusiasm for emerging currencies that lifted the local unit to a two-week peak. At 0640 GMT the rand was 0.26 percent weaker at 14.2900 per dollar, having risen to [ ]

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