Rand firms a little as investors enjoy risk assets
Brexit concerns are weighing on the pound, but the rand continues to benefit from optimism about the US-China trade truce
18 December 2019 - 13:57
The rand was marginally firmer against major global currencies on Wednesday afternoon, with risk assets continuing to be in favour after the US and China reached a partial trade deal at the weekend.
“With low trade activity over the festive period, the recent good news on the Sino-US trade deal continues to assist the rand to maintain its current firm levels against the dollar,” Peregrine Treasury Solutions corporate treasury manager Bianca Botes said in a note...
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