Rand firms amid talk of a US-China currency pact
Reports have suggested the US is considering a currency pact with China, in a deal that may also include the lifting of some tariffs next week
Reports suggesting the US and China are close to an agreement on issues of currency valuation boosted emerging-market currencies, including the rand, on Thursday morning.
The US officially labelled China as a currency manipulator in August, but Bloomberg reported on Thursday that the US was now considering a deal on currency valuations as part of a first phase of a deal. The deal could include the suspension of some tariffs next week.