Rand reaches three-month high following US-China detente
The local currency pushed to its best level against the dollar since April, but lost some ground on Monday amid a falling gold price and rising oil prices
01 July 2019 - 09:57
A ceasefire in the US-China trade war helped lift the rand to its best level against the dollar in three months on Monday morning, but the local currency was facing headwinds in the form of volatile commodity prices.
At the G20 summit in Japan at the weekend, US President Donald Trump and Chinese President Xi Jinping agreed in principle to restart trade talks. Markets also cheered a US commitment to relax restrictions on US tech-giant Huawei...
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