Rand back above R14.80/$ amid pressure on emerging-market currencies
The US’s decision to impose a 5% tariff on Mexican goods weighed on emerging-market currencies, with the rand the third worst performer on Friday morning
31 May 2019 - 10:21
The rand was weaker against major currencies on Friday morning as the US’s threat to impose tariffs on Mexico placed pressure on emerging-market currencies.
In the midst of the escalating trade tension between the US and China, US President Donald Trump announced a 5% tariff on Mexican imports due to the illegal immigration crisis between the two countries. ..
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