The rand has held its ground over the past 24hrs, but markets are expected to react as we draw closer to the highly anticipated two-day US-China bilateral trade talks.
Officials from the two economic heavyweights resume the contentious talks amid a cloud of uncertainty as Beijing’s feathers have already been ruffled by tariffs that will take effect today.
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There are no major economic releases today other than SA CPI figures (10am); and the Trump administration finds itself entangled in a legal drama. Have a wonderful Wednesday.
Latest Rates
USD/ZAR 14.3872
GBP/ZAR 18.587
EUR/ZAR 16.6602
ZAR/JPY 7.683
CNY/ZAR 2.1008
AUD/ZAR 10.5653
CHF/ZAR 14.6528
AED/ZAR 3.9319
SGD/ZAR 10.5613
NOK/ZAR 1.7181
EUR/USD 1.15654
GBP/USD 1.290
GBP/EUR 1.1157
All rates quoted are the interbank rates at time of publishing and shown for indicative purposes only. It is important to note that foreign exchange rates fluctuate and that the rates will vary depending on the amount and product purchased and sold.
*Tatenda Chikombero
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