Rand gets a major boost from the United States

• The rand has strengthened against the US dollar to its strongest levels since the US-Iran War erupted at the end of February.
• The FOMC minutes showed that the US Fed views the inflation outlook in the world's largest economy as highly uncertain, with risks to the upside.
• Interest rate hikes in South Africa are still on the cards, despite the weakening of the dollar, and markets will be watching key considerations such as inflation numbers and rate hike prospects.