The rand was firmer against major currencies on Friday, with risk appetite boosted by the US and China committing to implement phase one of the trade deal they signed in January. This led to much relief in the markets.

Earlier in the week, US President Donald Trump threatened new tariffs as a retaliatory measure over Beijing’s handling of the coronavirus pandemic. The uncertainty over the renewed trade war between the world’s largest economies led to investors being cautious...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now