Johannesburg - With the dollar currently lying low ahead of the US Federal Reserve’s important open market committee meeting this week and better-than-expected news on South Africa's current accounts deficit, shares were again slightly higher on the JSE on Tuesday morning.
But the market was fast losing momentum by midday and it is quite possible that the major indices will end the day lower.
World markets were also higher, as the dollar eased somewhat while investors are waiting to see what the Fed will reveal later this week on its interest rate strategy. Analysts expect the bank to use solid data on the US economy as an excuse to raise interest rates in the foreseeable future, but some also think there are not enough inflationary pressures yet in the US economy to warrant such a step.