The rand was also muted, being flat against the dollar and slightly down against the euro and pound
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Countries with heavy debt burdens have limited ability to print own currencies to fund those debt
Brent, WTI on track for weekly gains as Opec awaits a more substantial recovery in demand
Gold falls to a near nine-month low as Federal Reserve chair's remarks make yields rally
Stocks decline on stronger dollar and rising US Treasury yields
US Federal Reserve chair Jerome Powell's comments overnight were seen as insufficient as markets worry about rising inflation in the US