Statistics South Africa reported that annual inflation was at 4.6% in November, down from 4.8% in October. That was below the consensus forecast of 4.7%. Month-on-month, consumer prices rose by 0.1%. Yet the miss did not prevent the rand from joining currencies of other emerging markets in a rally against the dollar ahead of the Federal Reserve’s policy decision.
USD/ZAR fell by 0.13% to 13.6579 as of 10:30 GMT today.
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Post tags: Inflation, Rand, South Africa, USD/ZAR
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