Rand on track for best week in three months
Positive local data and easing geopolitical risk supported the local currency this week, with market cheering the prospect of US-China talks
06 September 2019 - 08:30
Positive local economic data and a thaw in the US-China trade war this week put the rand on track for its best weekly performance in almost three months on Friday afternoon.
SA’s better-than-expected second-quarter economic performance and news that the US and China would resume trade talks has lifted the currency 2.7% against the dollar so far this week, although risks loom in the form of US economic data later on Friday...
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