Loading…
The rand edged up on June 23 as Trump said the US-China Phase 1 trade deal was intact, after adviser Peter Navarro's comments that it was 'over' were described as taken out of context. Markets also awaited Finance Minister Mboweni's emergency budget, which was expected to show a much wider deficit.
The JSE all-share index rose 2.48%.
Improved US-China trade confidence supports risk appetite and firmer emerging-market currencies, which lowers the rand cost of imported feed. The budget outcome could still weigh on the rand.
brecorder.comReutersJun 23, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
