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Talking about the Rand is pointless these days

On Friday, the rand opened at the 16.61 level but slowly took some pain as we saw equity global equity markets head south

The rand weakened over the week and is trading at around R16.63 to the US dollar at the time of writing, compared with about R16.37–16.41 at the start of last

Even though we have the very expected Fed rate announcement (unchanged- vote 10-2)) last night, the markets have done very little

The rand had a mixed day yesterday, trading against a backdrop of continued uncertainty in global markets

Yesterday, the Rand found some support from SA economic releases through the day improving by 10c (M3, trade balance and credit extension)