JSE and rand firm with markets awaiting new movers
Donald Trump’s rhetoric on imposing 100% tariffs on Brics+ countries created initial uncertainty
03 December 2024 - 11:53
The rand was firmer on Tuesday morning while the JSE strengthened along with global markets, as investors awaited catalysts for direction.
TreasuryOne currency strategist Andre Cilliers said US president-elect Donald Trump’s tariff threat lacked substance. Trump has threatened to impose “100% tariffs” on imports from Brics countries, effectively blocking them from US trading, if they proceeded with plans to introduce their own currency and move away from the dollar...
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