Rand firms a little as US and China move to placate markets
Global risk assets were roiled on Friday by a sharp escalation in the US-China trade war, but both sides now appear to be trying to calm things down
26 August 2019 - 10:26
The rand was slightly firmer against major global currencies on Monday afternoon, although gains remained fragile, as investors considered the latest moves by the US and China to ease concerns over their escalating trade war.
Chinese officials have said they wanted “peaceful dialogue” with the US, while US officials have also said they were keen to resume talks...
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