The rand was marginally firmer on Monday morning, ahead of what could be a tumultuous week for the local currency.
No change in rates is expected, but the tone of the Bank will be closely watched, amid the expectation that it will strike a hawkish note. At 9.45am the rand was 0.55% stronger at R19.0604/£, 0.12% firmer at R14.4788/$ and 0.08% up at R16.3733/€. The euro was 0.11% firmer at $1.1308.
Source: News Formal (newsformal.com)
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