Loan Digest

Rand weakens ahead of US Fed meeting as US Covid-19 figures rise

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Loans Loans Headlines News

The US central bank is expected to announce its latest interest-rate decision, one likely to help lift the ailing US economy

The rand was weaker on Tuesday, in line with its emerging-market peers with the dollar firming over prospects of another huge economic stimulus package in the US lifting market sentiment.

The US Federal Reserve is expected to announce its latest interest-rate decision on Wednesday, as a rise in Covid-19 infections continues to threaten economic recovery.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IMF approves US$4.3bn financial support to SA to deal with COVID-19 pandemicThe IMF funding is a low interest loan that contributes to government’s fiscal relief package while respecting South Africa’s decisions on how best to provide relief to the economy and those worst affected by the current crisis.
Source: ewnupdates - 🏆 30. / 53 Read more »