Rand ends three-day winning streak as US-China tensions rise
The rand has weakened alongside its emerging-market peers after the US said it will ban passenger carriers from China from June 16
04 June 2020 - 12:11
The rand’s three-day winning streak was cut short on Thursday coming off two-month highs as concern about escalating US-China trade tensions placed pressure on risk assets.
The rand weakened alongside its emerging-market peers after the US said it would ban passenger carriers from China from June 16 following the latter’s decision to bar US carriers from resuming flights into China. ..
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.