Rand Breaches 17 Per Dollar for First Time Since February 2023
The rand strengthened below 17 per dollar for the first time since February 2023 after the government adopted a lower inflation target, suggesting interest rates may stay higher for longer...
By Mpho Hlakudi · Bloomberg Markets
The rand strengthened below 17 per dollar for the first time since February 2023 after the government adopted a lower inflation target, suggesting interest rates may stay higher for longer than previously anticipated.