JOHANNESBURG - South Africa’s rand firmed on Thursday, eking out gains late in the session as hopes of a trade deal between the United States and China bolstered risk appetite globally.
The rand posted the gains deep into offshore trade, having languished near short term technical support around 14.20 for most of the local session in low volume trade. However, demand from overseas investors has helped the rand cling on to gains that lifted it to a 2-month high on Monday after Moody’s delayed a credit review on the country.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prasa dismisses 14 security personnel for attempted robbery - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Passenger Rail Agency of South Africa (Prasa) has dismissed 14 security employees for attempted robbery and various other offenses at Prasa offices in Pretoria on 31 October 2018. Bring back Railway Police. Bring back protection for passengers and goods as well as the country's assets.
Source: SABC News Online - 🏆 32. / 51 Read more »
Rand slightly softer after Gordhan's Eskom announcement - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The rand is slightly softer against the greenback after the announcement by Minister of Public Enterprises Pravin Gordhan that there will be no further power cuts and that government is discussing another support package for debt ridden Eskom.
Source: SABC News Online - 🏆 32. / 51 Read more »
Rand range-bound as market eyes US-China talksUS President Donald Trump is expected to meet Chinese Vice-Premier Liu He later on Thursday amid speculation a deal is close
Source: BDliveSA - 🏆 12. / 63 Read more »