Money

South Africa’s Rand Weakens as Investors Assess Fed Rate Hike

The rand weakened in early trade on Friday, as investors assessed the impact of the…

Dollar Rises on Prospect of Gradual Withdrawal of Stimulus

The dollar is appreciating against major global counterparts due to the prospect that the Fed may begin to evaluate the gradual withdrawal of stimulus to the economy, and a possible interest rate hike in the world’s largest economy.