Rand firms ahead of domestic data release
Reuters reported on Wednesday that the signing of the partial trade deal between the US and China could be scheduled for December
The rand was firmer on Thursday morning notwithstanding trade war jitters, while focus shifts to local manufacturing production data and business confidence.
“Currency, equity and commodity markets are all moving sideways at the moment as the signing of the trade deal looks like it could be delayed. Traders are in a cautious mode in the absence of any certainty of market direction,” TreasuryOne senior currency dealer Andre Botha said...