Rand hits R14.13/$ as US-China trade talks lift sentiment
However, one analyst believes it will be very difficult for China and the US to reach common ground, and the rand could weaken
The rand firmed to R14.13/$ in intraday trade on Thursday afternoon, its best level in five weeks, as talk of the possibility of a truce being struck in the US-China war at the upcoming Group of 20 (G20) summit lifted sentiment.
US President Donald Trump signalled the possibility of a deal that could put an end to the prolonged trade war, as he is expected to meet Chinese President Xi Jinping at the summit in Japan on Saturday. Trump said, however, he was also prepared to impose more tariffs on China should the upcoming talks fail.