Rand remains muted as investors digest inflation data

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At 10.22am, the rand was little changed at R16.9298/$ while it had firmed 0.13% to R19.8520/€ and 0.16% to R21.7141/£ 🔒

The rand was little changed on Wednesday morning as investors mulled the latest inflation data and Tuesday night’s US presidential debate.

At 10.22am, the rand was little changed at R16.9298/$ while it had firmed 0.13% to R19.8520/€ and 0.16% to R21.7141/£. The euro had weakened 0.11% to $1.1725. The local currency is down more than 3% over the past 10 days, according to data from Infront.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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