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Rand flat in cautious trade ahead of Fed

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Johannesburg - The rand was largely unchanged on Wednesday ahead of a central bank decision on interest rates in the United States that investors will watch closely for hints on the future pace of policy easing by the Federal Reserve.

At 08:45, the rand had inched up 0.25% to R14.32/$, little changed from New York close at R14.30.

The US Federal Reserve is set to keep interest rates unchanged, pushing back any increases until September or December, but a hawkish tone on the economy could pressure rand.

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15.16
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