Rand firms as market pins hope on stimulus
Hopes that China will move to boost its economy and expectations of stimulus from the European Central Bank could support the rand this week
09 September 2019 - 11:21
Expectations that weak economic data will prompt stimulus measures from major global economies helped support the rand on Monday morning, with the local currency faring best against the dollar.
Chinese exports to the US slumped 16% in August, a surprise to the market, although analysts noted forthcoming US-China trade talks could bolster sentiment...
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