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South African rand steady with local economic data, Fed decision in focus
JOHANNESBURG: The South African rand was steady in early trade on Monday as investors awaited a series of domestic economic data releases and the Federal Reserve’s policy decision later this week. At 0602 GMT, the rand traded at 16.6125 against the dollar , little changed from its previous close. Investors will track a series of month-end domestic economic data releases, including money supply, private sector credit, trade balance and budget balance, as well as September producer inflation data. Markets also await the Fed’s policy meeting on October 28. Traders largely expect the ce...
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