Gordhan laments Fed decisions on rand

[miningmx.com] – FINANCE minister, Pravin Gordhan, said the rand was undervalued and said the US Federal Reserve should take account the impact of its decisions on emerging markets.

“We need to ensure that these peaks and troughs in sentiment are avoided because they’re neither good for the financial markets, nor are they good for the real economy, but more importantly not for the citizens of our country,’ Gordhan told Bloomberg News.

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