Rand firmer as investors await more US-China trade talks
Peregrine Treasury Solutions Bianca Botes said the rand could trade at R15/$ or below ‘should risk sentiment improve’
08 October 2019 - 11:07
The rand was stronger on Tuesday morning as investors anticipate some progress in the US-China trade war as the two countries begin negotiations on Thursday.
Emerging-market currencies were bolstered by hope that the US and China will make headway at their high-level negotiations this week. Risk assets have also benefited from expectations that the US Federal Reserve may move to ease monetary policy at their two remaining meetings in 2019, following weak economic data. ..
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