Fed Minutes Signal Inclination for Less Hawkish Stance, US Dollar Retains Gains

Minutes from the Fed’s May meeting showed a tilt toward a less hawkish stance, but news of these deliberations did not provoke a major reaction in the markets, with traders focused on the U.S. debt limit drama.

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USD/ZAR: Price Forecast: SA Inflation Hits Levels Last Seen in May 2022

USD/ZAR is up roughly 0.5% today after slowing SA inflation and uncertainty around the US debt ceiling weighs on the rand ahead of the SARB rate decision tomorrow.

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