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The rand rose early on Thursday after hitting an 11-month low the previous session, after seven straight days of losses. The move followed surprisingly strong Chinese trade data that lifted emerging-market currencies.
Weak South African economic data, Eskom worries and rating agency commentary had driven the earlier decline.
Stronger Chinese import demand supports the commodity-linked rand, though domestic weakness limits the recovery and keeps local import costs elevated.
moneyweb.co.zaReutersAug 8, 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.
