The rand was firmer against the dollar on Monday just before midday, while other emerging-market currencies had made modest gains as fears of war between the US and North Korea eased. The rand was 0.76% firmer against the dollar, while the Turkish Lira and the Mexican Peso had made modest gains. Brazil’s real had, however, lost 0.39%. While the leaders of the two nations, US President Donald Trump and North Korean leader Kim Jong-un found a middle ground to their differences, the Pentagon was also working on diplomatic solutions to the US-North Korean crisis. Last week, Trump threatened to use "fire and fury" should North Korea launch a missile. The US military also is also working on its own options in the event that it would become necessary to intervene in any tension. Chief market strategist at FXTM Hussein Sayed said given that Tuesday was North Korea’s liberation day event, investors would remain on the defensive as Pyongyang used big events to make provocative statements and ...
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