The rand steadied in early trade on Wednesday, as optimism surrounding trade talks between Washington and Beijing boosted market sentiment.
At 0615 GMT, the rand traded at R14.2425 per dollar, not far from its New York close of R14.2550 on Tuesday.
“Some relief coming from the continuing trade talks is likely to provide the local unit with some breathing room, at least in the short term,” she added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rand falls on risk aversion as US-China trade war heats upSouth African markets strengthened on Friday on expectations of political continuity, as the governing African National Congress (ANC) headed for a national election victory.
Read more »
Rand sheds post-election gains as US-China trade war heats upThe rand has weakened as China as the US go tit for tat on import tariffs
Read more »
Rand sheds post-election gains as China-US trade war heats upThe rand has weakened as China and the US go tit for tat on import tariffs
Read more »
China hits back at US, announcing tariffs on $60bn worth of US goodsGlobal markets are on red alert as the trade war threatens to shatter global economic growth
Read more »
JSE recovers a little amid US-China trade hopesUS President Donald Trump lifted tariffs on Chinese imports as expected on Friday, but some optimism remains that a deal will be reached soon
Read more »
JSE slips amid US-China trade uncertaintyUS President Donald Trump accused China of reneging on its trade commitments, while SA’s elections provide another reason for caution
Read more »
Gold edges up on concerns about US-China trade tensionsBullion is up about 0.5% this week, palladium gains after a sharp drop on Thursday, and platinum is on track for a third week of declines
Read more »
Apple stares down $75bn in losses on US-China trade tensionThe iPhone maker, reliant on China for much of its production and sales, is headed for its biggest weekly decline this year
Read more »
MARKET WRAP: JSE has worst week in 14 months amid US-China trade jittersBy the close of trade on Friday the JSE was down 4.31% for the week, falling every day to Thursday
Read more »
Tense future for US-China ties, with or without trade dealThe United States faces a growing challenge to its lone superpower status from a Communist-ruled China whose global influence, military might and high-tech capabilities are rapidly rising.
Read more »