Rand breaks through R15/$ after positive local GDP data
A positive surprise for SA’s second-quarter GDP performance and upbeat Chinese data is lifting sentiment, as well as good news from Hong Kong
04 September 2019 - 10:19
The rand broke through the R15/$ handle for the first time in almost a month on Wednesday, lifted by positive local economic news, as well as positive development related to protests in Hong Kong.
SA’s GDP rebounded by a surprise 3.1% in the second quarter data showed on Tuesday, while data on Wednesday showed there was surprising resilience in China’s services sector during August...
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