The rand was marginally weaker against major global currencies on Thursday morning, but is expected to trade in tight ranges, as the market awaits developments in the US-China trade talk.
Global markets were treading water, analysts said, but the rand continues to find some support from the recent decision by Moody’s Investors Service to hold off on SA’s credit-rating review.
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Global stocks hit six-month highSigns of progress in US-China trade talks and decent factory activity data from China and the US has lifted investor sentiment
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