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Rand range-bound as market eyes US-China talks

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US President Donald Trump is expected to meet Chinese Vice-Premier Liu He later on Thursday amid speculation a deal is close

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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