Hawkish Fed triggers currency meltdowns

Rand/N$ takes big hit
The rand and the Namibia dollar yesterday hit its lowest level since August following the Fed announcement to slow its pace of rate cuts.
The US dollar flirted with a two-year peak yesterday after the Federal Reserve signalled a slower pace of rate cuts in 2025.Fed Chair Jerome Powell said more reductions in borrowin
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Republikein 2024-12-20

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