Rand weakens after reaching one-month high on Tuesday
News that the National Assembly passed the Special Appropriations Bill earlier supported the rand which strengthened to as much as R14.57/$
23 October 2019 - 11:55
The rand pared gains on Wednesday after coming off a one-month high that was bolstered by optimism regarding the US-China trade talks. At the same time, consumer inflation moderated more than analysts’ expectations in September.
“For as long as US-China trade negotiations remain cordial, the risk of a further erosion of global growth is contained,” RMB analyst Nema Ramkhelawan-Bhana said...
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