Rand weakens as investors remain nervous about US-China tension
Donald Trump has threatened new tariffs as a retaliatory measure for China’s handling of the Covid-19 crisis
06 May 2020 - 12:32
The rand was weaker on Wednesday as US-China tension weighed on investor sentiment and global events continue to put pressure on the local currency.
Investors remain nervous about renewed US-China trade hostilities after US President Donald Trump threatened new tariffs last week as a retaliatory measure over Beijing’s handling of the coronavirus crisis. On Wednesday, China’s foreign ministry said that tariffs should not be used as a weapon...
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.