South African Rand Muted as Stronger Dollar Weighs Ahead of Fed Decision

The South African rand traded lower against a stronger US dollar, pressured by anticipation of the US Federal Reserve's policy decision. Expectations for the Fed to hold interest rates steady are at 62%, but market participants expecting at least a 25-basis-point hike have risen to 38%. This dollar strength, driven by Fed policy uncertainty, could exert downward pressure on international gold prices and potentially influence the USD/PKR rate.

بحوالہ / Source: www.brecorder.com