Market News
South African rand edges higher ahead of US rate decision - REUTERS
JOHANNESBURG, Jan 29 (Reuters) - South Africa's rand edged higher early on Wednesday ahead of an interest rate decision by the U.S. Federal Reserve.
At 0706 GMT, the rand traded at 18.66 against the U.S. dollar , about 0.1% firmer than its previous close.
The dollar last traded about 0.1% weaker against a basket of currencies.
The Fed will conclude its two-day meeting today, where it is widely expected to keep rates steady. U.S. President Donald Trump has demanded lower interest rates, arguing that he understands monetary policy better than those charged with setting it.
