Rand firmer as recession fears fade
London Capital Group’s Jasper Lawler says the prospect of additional support ‘is the sugar high that is cushioning the market from uncertainty’
20 August 2019 - 10:07
The rand was firmer on Tuesday morning as the growing expectation for stimulus packages in larger economies such as China and Germany eased the fear of a global economic slowdown.
Appetite for riskier assets improved this week after China announced a reform to lower lending rates for companies and reports that Germany is preparing a stimulus plan amid concern that the country may enter a recession...
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