Rand firms slightly, traders await Sino-US trade talk developments

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The rand firmed slightly in early trade on Monday, clinging on to the previous week’s gains, as cautious investors awaited developments in US-China trade talks, and the local central bank’s rates decision later in the week.

JOHANNESBURG - The rand firmed slightly in early trade on Monday, clinging on to the previous week’s gains, as cautious investors awaited developments in US-China trade talks and the local central bank’s rates decision later in the week.

Both developed and emerging currencies kicked-off the week trading in narrow ranges as markets continued to eye developments in talks between Washington and Beijing to end a trade dispute. South Africa’s central bank decides on lending rates for the last time in 2019, and the regulator is expected to keep rates unchanged at 6.5%.

 

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