JSE and rand firm to weekly best due to strong Chinese data
At 10.40am, the rand had strengthened 0.99% to R18.1544/$, having reached an intraday best of R18.1088
01 March 2023 - 11:56
The rand strengthened to its best level in a week on Wednesday morning while the JSE firmed along with global markets, after strong economic data from China showed the country's economy continued a strong rebound after abandoning its Covid-19-Zero policy.
The country’s manufacturing PMI numbers came out higher than expected — the biggest improvement in more than a decade, while data also pointed to services activity climbing and the housing market stabilising, reported Bloomberg...
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