Rand weaker as US-China tension takes toll
Investors are awaiting news from the ANC’s NEC meeting during which finance minister Tito Mboweni's economic recovery plan is likely to have been discussed
30 September 2019 - 10:29
The rand was weaker on Monday morning, leading emerging-market currencies lower as escalating US-China tension weighed on sentiment, while locally, investors wait to hear what was said at the ANC's national executive committee (NEC) meeting.
Emerging-market currencies were knocked on Monday after reports that the US administration is considering restricting capital flows to China. The latest reports have fueled concern that the trade war may escalate even further...
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