Goldman cheers as rand heads for best-ever start to a year

Goldman cheers as rand heads for best-ever start to a year
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The rand’s flying start to 2019 may be just the beginning, according to Goldman Sachs Group.

The South African currency is heading for its biggest January gain against the dollar since Bloomberg started compiling the data in 1999. And with expected volatility near an eight-month low, traders are discounting local stumbling blocks in coming months, including a Budget speech, ratings review and election.



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