The South African rand slumped on Wednesday against a strong dollar on bets that the Federal Reserve won’t rush to cut interest rates and as investors were uncertain about the outcome of next month’s U.S. election.
South African rand slumps as markets focus on Fed rate path, US election
The South African rand slumped on Wednesday against a strong dollar on bets that the Federal Reserve won’t rush to cut interest rates and as investors were uncertain about the outcome of next month’s U.S. election.