Rand a little firmer after new Chinese stimulus
Beijing moved at the weekend to lower the cost of borrowing for local businesses, although the local currency’s gains are marginal amid the US-China tension
19 August 2019 - 10:04
The rand was boosted along with Asian equity markets on Monday morning, lifted a little by new Chinese economic stimulus measures, as well as some good news regarding the US-China trade war.
Economic data indicating the global economy was slowing created turmoil in global markets, but governments have indicated they will respond with stimulus, with China lowering borrowing costs on Saturday...
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