Rand slips a little after Chinese economic data disappoints
The rand staged a strong recovery on Tuesday against the dollar, but had pared those gains slightly on Wednesday after gloomy Chinese data
14 August 2019 - 10:42
The rand was slightly softer on Wednesday morning, under pressure along with its emerging-market peers after Chinese data underscored the damage being inflicted on the global economy by the US-China trade war.
Chinese industrial output growth in July missed market expectations, rising only 4.8% year on year, compared with the market’s target of 5.8% growth. This is the lowest growth since 2002...
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