# UPDATE 1-South Africa's rand steadies as markets await Fed verdict

> South Africa's rand steadied against the dollar on Wednesday while investors awaited an expected Fed rate cut. The Reuters update is accompanied by unrelated local news items, including Old Mutual's dispute over its dismissed CEO.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/58386-update-1-south-africa-s-rand-steadies-as-markets-await-fed-verdict
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The story describes routine currency trading with no new driver for feed markets.

## Sources

- myjhb.co.za: https://myjhb.co.za/update-1-south-africas-rand-steadies-as-markets-await-fed-verdict/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.