Rand strengthens but trade-war fears linger
US President Donald Trump accused China of manipulating its currency after the yuan broke below the seven to $1 level
06 August 2019 - 10:38
The rand was firmer against major currencies on Tuesday morning, paring yesterday's losses as the trade war between the US and China escalates.
On Monday, US President Donald Trump accused China of manipulating its currency after the yuan broke below the psychological seven to $1. The protracted spat escalated last week after Trump slapped a 10% tariff on $300bn worth of Chinese goods as of September 1 saying that Beijing did not fulfil its commitment to purchase US farm products. ..
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