JOHANNESBURG - The rand firmed on Monday but traders expected gains to be limited as uncertainty over the United States and China reaching a trade deal any time soon and fears of a slowdown in global growth kept investors on the sidelines.
Although Washington and Beijing labelled two days of talks last week as “productive” and “constructive”, a deal appeared elusive after Chinese officials unexpectedly cancelled a visit to farms in the US on Friday. “Despite some perceived progress in US-China trade negotiations, markets remain hesitant on this front given the stop-start nature of the evolving trade discussions, while Brexit too does not have a clear outcome yet,” said Investec chief economist Annabel Bishop.
Y can't we use one currency the entire world.
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