Rand strengthens a bit as hopes rise about a US-China trade deal
US treasury secretary Steve Mnuchin has offered reassurances that the US and China are closing in on a deal, boosting risk assets
The rand was a little firmer against major global currencies on Wednesday afternoon, taking comfort from some positive commentary regarding the US and China reaching a trade deal soon.
At 2pm the rand had firmed 0.18% to R14.3247/$, 0.25% to R16.2725/€ and 0.25% to R18.165/£. The euro was flat at $1.1359.