Rand eyes R15/$ as US-China trade row escalates
Global markets are under pressure after Donald Trump threatened to levy new tariffs on China and the local currency is close to a two-month low
05 August 2019 - 10:09
The rand remained under pressure on Monday morning, near a two-month low to the dollar, as investors shied away from risk assets due to the fear of an escalating US-China trade war.
US President Donald Trump last week threatened to levy an additional 10% of tariffs on $300bn worth of Chinese goods on September 1, with Beijing threatening to respond with its own measures...
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