Johannesburg - The rand gained more than 1% against the dollar on Wednesday to a two-week high of R13.3600 as the greenback slipped, with investors pushing back bets of a 2015 rate hike by the Federal Reserve. It stood at R13.39 at 15.24.
The US trade deficit widened by its most in five months in August, reinforcing expectations that the Fed would delay hiking rates for the first time since 2006 until next year.
Rand - Dollar
19.07
+0.5%
Rand - Pound
23.59
+1.0%
Rand - Euro
20.32
+0.3%
Rand - Aus dollar
12.25
+0.4%
Rand - Yen
0.12
+0.4%
Platinum
941.70
-0.9%
Palladium
1,022.50
-0.7%
Gold
2,394.95
+0.7%
Silver
28.74
+1.8%
Brent Crude
87.11
-0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
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