Rand firms 1% amid risk-on global trade
Global risk assets are in favour amid hopes of global stimulus, while earlier local data showed inflation decelerated to 4% year on year from 4.5%
21 August 2019 - 16:12
The rand firmed on Thursday afternoon, benefiting from renewed investor interest in risk assets amid hopes that global economies are gearing up fiscal stimulus packages so as to boost flagging economic growth.
The rand led gains among emerging-market economies while European and US equity markets registered strong gains as markets waited for the release of US Federal Reserve minutes later in the day...
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