The rand had weakened 1.03% to R14.3121/$ by 2.30pm on Monday as the US and China approached a deadlock in their trade negotiations following failed talks on Friday.
CNBC reported on Monday that China appears to have ignored Trump’s threats, by placing tariffs on $60bn work of US imports, set to kick in on June 1. The election outcome created positive sentiment for the rand as it strengthened to as much R14.15/$ in intraday trade on Monday.
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