The rand retreated as rising US-Sino tensions nipped burgeoning risk appetite in the bud according to NKC Research. busrep
JOHANNESBURG - The rand retreated as rising US-Sino tensions nipped burgeoning risk appetite in the bud according to NKC Research.
On Friday, United States President Trump warned that Washington will react “very strongly" to new Chinese legislation on Hong Kong. Fears of rising tensions between the nations boosted the greenback’s safe-haven allure. Commodity prices slumped amid rising risk aversion, while China’s failure to set a growth target for 2020 raised concerns about the Asian giant’s recovery prospects.
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