South Africa: Oil Price Drop Helps Rand Get Over Early Week Blues

While the rand's early week blues are over, it is still a matter of wait-and-see until Friday, when the US Federal Reserve will announce an interest rate decision.

That is according to RMB analyst John Cairns on Tuesday, as the rand strengthened 0.2% to R13.47 by 08:30, an improved performance from its peak of R13.65 on Monday.

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