Rand firms as markets welcome easing of lockdown restrictions
New York, Italy and Spain are among recent economies to gradually lift lockdown restrictions
18 May 2020 - 12:45
UPDATED 18 May 2020 - 18:29
The rand was firmer against major currencies on Monday, in line with most emerging-market currencies, amid easing lockdown measures, while US-China trade tension continues posing a threat to global markets.
Bonds firmed alongside the rand, with the yield on the R2030 falling 41 basis points to 9.17%, its best level since March 9, prior to the start of the lockdown on March 27...
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