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The rand strengthened as China's Ministry of Commerce said it wanted to resume talks with the US and would send a delegation to Washington. The comments lifted risk assets across emerging markets.
Investec raised its USD/ZAR forecast and expects the rand to recover into year-end.
Hopes of easing US-China tensions reduce pressure on emerging-market currencies, which can lower dollar-based feed import costs in South Africa, though the trade outlook remains volatile.
poundsterlinglive.comJames SkinnerAug 29, 2019Not 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.
