MARKET WRAP: The rand powers to its best 2019 gains
The gains were driven by dollar weakness as a first phase US-China trade deal looks likely
30 December 2019 - 18:08
The rand powered to its best level in five months on Monday, moving below R14/$ shortly before the JSE opened and ending slightly weaker at the close.
So far in December, the rand has gained 4.7% to the dollar, making this its best month since January, when it appreciated 7.65% to the greenback. It came in as the second-best performing emerging-market currency over the past month, according to Bloomberg data, only marginally eclipsed by the Mexican peso...
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