Rand little changed amid Trump’s trade crackdown
On the local front, Absa manufacturing purchasing managers index figures and total new vehicle sales will be released today
03 June 2019 - 10:13
The rand was little changed against major currencies on Monday morning as the fear of a global economic recession lingers in the face of the US’s trade crackdown.
Reuters reported that US President Donald Trump has stripped India of its preferential trade access to the US market under the General System of Preferences, a programme that allows developing countries to export goods to the US duty-free. The Trump administration decided to go ahead with India’s suspension due to the US’s lack of access to the Indian market. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.