Rand at four-month high on hopes of US-China trade deal
President Donald Trump indicated that the US and China were close to a ‘big’ trade deal, with reports suggesting an announcement later
13 December 2019 - 11:00
The rand lifted to a four-month high against the dollar on Friday morning, amid a risk-on tone on global markets due to US-China trade war optimism.
US President Donald Trump tweeted that both the US and China wanted a deal, with reports citing multiple officials in saying an announcement is due later. This has raise hopes that new tariffs, due to kick in on Sunday, will be avoided...
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