The South African rand gained reprieve from thawing risk appetite as perceived US-Sino tensions dimmed, providing shelter for the local unit ahead of a pivotal supplementarybudget address according to NKC Research. busrep
JOHANNESBURG - The South African rand gained reprieve from thawing risk appetite as perceived US-Sino tensions dimmed, providing shelter for the local unit ahead of a pivotal supplementary budget address according to NKC Research.
Risk appetite improved after US President Donald Trump made a positive comment on Sino-US trade. Meanwhile, the local currency shrugged off a deterioration in the unemployment position over Q1, with the focus now attuned to today’s critical budget address. At the close of local trade, the rand quoted 0.85 percent firmer at R17.22/$, after trading in range of R17.19/$ - R17.47/$.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH | Five must-watch videos of domestic worker Thembi and her employer Malcom WentzelDomestic employee Thembi and her employer Malcom Wentzel have become internet sensations
Read more »
WATCH | Five must-watch videos of domestic worker Thembi and her employer Malcom WentzelDomestic employee Thembi and her employer Malcom Wentzel have become internet sensations
Read more »
Cricket South Africa announces seven coronavirus casesCSA said seven people within the organisation had tested positive for coronavirus, raising questions over the sport's potential return to action.
Read more »
SA’s Shabir Madhi to lead first Covid-19 vaccine trial in AfricaThe more involved SA is in vaccine development, the closer it will be to the ‘front of queue’ when a vaccine is developed, according to one professor
Read more »
SA’s Shabir Madhi to lead first Covid-19 vaccine trial in AfricaThe more involved SA is in vaccine development, the closer it will be to the ‘front of queue’ when a vaccine is developed, according to one professor
Read more »