Rand steady near R14/$ despite weak local data
Poor local economic growth is not weighing on the rand yet, which had pushed to a three-month high to the dollar earlier as markets cheered easing US-China tension
01 July 2019 - 14:22
The rand was slightly weaker against the dollar on Monday afternoon, giving up earlier gains, as markets continued to digest a ceasefire in the US-China trade war.
The rand was perhaps not benefiting — as would be expected from a risk-on environment — due to signs of domestic economic weakness, analysts said, with the local currency also contending with a weaker gold price and higher oil price...
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