The ECB’s policy announcement and an EU summit on Brexit are likely to provide the market with direction on Wednesday
The rand was slightly firmer against major global currencies on Wednesday morning, holding steady around R14.04/$, ahead of a series of risk events.
US inflation data for March could also give the market direction, while focus is also on an EU summit, where UK Prime Minister Theresa May will request an extension of the Brexit deadline to June 30. At 9.40am the rand was 0.36% firmer at R14.0373/$, 0.36% up at R15.8099/€ and 0.27% stronger at R18.3375/£. The euro was flat at $1.1263.
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