Rand reaches best level in one month on progress in trade talks
The Reserve Bank’s leading business indicator fell to 103.8 points in August from 103.9 in the previous month, data showed on Tuesday
22 October 2019 - 10:49
The rand was firmer on Tuesday morning, earlier reaching its best level in a month as positive sentiment regarding the US-China trade war lifted emerging-market currencies.
Chinese vice-foreign minister Le Yucheng said on Tuesday that the two economic superpowers had made some progress in their trade negotiations. That followed comments by White House adviser Larry Kudlow that the scheduled December tariff on Chinese imports could be withdrawn if trade talks go well. ..
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