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RMB Global Markets daily podcast - US political risk and terror attack in Spain halts rand gains

Friday, August 18, 2017

ECB minutes released yesterday were dovish in that its members highlighted significant concerns about the strength of the euro against the US dollar. This followed the Fed’s minutes that showed a split on how its FOMC members and its staff interpreted the weaker than expected inflation prints, with some believing the weakness was temporary while others said the Fed could afford to be patient and slow down the pace of tightening if inflation continues to undershoot.

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