The South African rand weakened against a stronger dollar early on Tuesday as investors braced for more aggressive US rate hikes, with traders’ focus also on local interest rate decision and inflation data. At 0615 GMT, the rand traded at 14.9600 against the dollar, around 0.4% weaker than its previous close. The dollar strengthened after US Federal Reserve Chair Jerome Powell on Monday delivered his most muscular message to date on his battle with too-high inflation as he flagged a more aggressive tightening of monetary policy than previously anticipated.Higher rates in developed markets tend to drain capital from ... (full story)