South African rand slips ahead of Fed Chair’s speech

South Africa’s rand weakened in early trade on Wednesday as traders awaited a speech from the U.S. Federal Reserve Chairman Jerome Powell for clues on the Fed’s future interest rate path. At 0722 GMT, the rand traded at 18.3600 against the dollar, about 0.14% weaker than its previous close. The dollar last traded about 0.17% … Continue reading South African rand slips ahead of Fed Chair’s speech