Stimulus hopes push rand to one-month high
Risk assets are benefiting from expectations that China and Europe will take additional steps to boost flagging economic growth
09 September 2019 - 16:03
The rand was firmer on Monday afternoon, pushing to a one-month high against a dollar, as markets considered forthcoming monetary and fiscal stimulus in the wake of flagging global economic growth.
Global data was downbeat, with Chinese exports to the US slumping 16% in August — a surprise to the market — while Japanese second-quarter growth was also disappointing...
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