The U.S. Fed on Wednesday delivered an expected interest
rate hike of 25 basis points, but took a cautious stance on
economic outlook due to the recent banking sector turmoil.
Local investors will shift their focus towards the central
bank's rate decision due next week, with markets expecting a
25-basis-point hike.
The government's benchmark 2030 bond was
unchanged in early deals, with the yield at 9.950%.
(Reporting by Bhargav Acharya; Editing by Sherry
Jacob-Phillips)
JOHANNESBURG, March 24 (Reuters) - South Africa's rand
was listless against a steady dollar on Friday, as investors
assessed the prospects that the U.S. Federal Reserve might pause
its rate-hike trajectory.
At 0620 GMT, the rand traded at 18.0825 against the
dollar, near its previous close of 18.0850.
The dollar index , which measures the safe-haven
currency against six rivals, held ground at 102.53.
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