The rand was firmer against major global currencies on Thursday afternoon, leading the gains among its emerging-market peers, as investors wait for fresh catalysts.
Along with a post-election boost, local bonds were also benefiting from recent investor interest in major international bonds, such as US treasuries and German bunds, said Sasfin Wealth fixed-income trader Alvin Chawasema. At 2pm, the rand was 0.55% firmer at R14.1406/$, 0.53% stronger at R15.8425/€, and 0.76% up at R18.1206/£. The euro was flat at $1.1203.
The US-China trade war has been the main issue driving sentiment this week, but investors are seemingly still betting on a quick resolution to the conflict, said Rand Merchant Bank analyst
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: