Rand firms a bit but risk events loom
Emerging-markets currencies were mixed on Monday, but the rand benefited from pressure on the dollar and a higher gold price
03 June 2019 - 16:20
The rand was slightly firmer against major global currencies on Monday afternoon, faring well ahead of a host of risk events this week.
It appeared to brush off earlier poor economic data, with the Absa purchasing managers' index (PMI) falling to 45.4 index points in May, well below the Bloomberg consensus of 48 points...
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