The rand has lost 4% for the week so far
The rand was weaker on Friday, in line with its emerging-market peers as US and China relations continue to deteriorate.
US President Donald Trump signed orders prohibiting residents from doing business with the Chinese-owned TikTok and WeChat apps starting 45 days from now, citing the risk of leaving Americans’ personal data exposed.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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