Rand firms as markets welcome upbeat Chinese data
Meanwhile, government bonds found support on Tuesday morning during the weekly bond auction
31 March 2020 - 14:31
The rand was on track to break a three-day losing streak on Tuesday afternoon, with global assets finding support from upbeat Chinese data and hopes that stimulus measures will result in an economic recovery in coming months.
A Chinese purchasing managers’ index for March beat expectations and registered an expansion after a dismal February, raising hopes that other countries will also bounce back from quarantine measures due to Covid-19...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.