Reports that the US and China are close to a deal boost risk assets, but the Turkish lira remains under pressure
The rand was firmer on Wednesday morning, thanks to a boost from the hope that the US and China may be close to a trade deal.
This boosted risk assets, which have generally found favour this week amid positive economic data out of China. At 9.45am the rand was 0.68% firmer at R14.1197/$, 0.43% stronger at R15.8595/€ and 0.27% up at R18.6199/£. The euro 0.25% weaker at $1.1233.
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