Rand breaks through R15/$ on trade optimism
The local currency looks set for its second consecutive week of gains
11 October 2019 - 10:30
The rand burst through R15/$ on Friday morning, while the local currency looks set for its second week of gains as hope that the US and China will make progress in trade negotiations boosted sentiment.
The local currency, which has been battered by the protracted US-China trade war alongside its emerging-market peers, strengthened to R14.96/$ in intraday trade for the first time in almost two weeks...
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