South African rand retreats as dollar edges higher
JOHANNESBURG (Reuters) -South Africa’s rand retreated on Friday, losing gains made after U.S. data offered hope inflation was now on a sustained downward trend, potentially allowing the Federal Reserve to slow its policy tightening pace. At 1525 GMT, the rand traded at 16.8300 against the dollar, 0.6% weaker than its previous close. The dollar index, …
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