File Image: IOL To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 videoJOHANNESBURG - The rand was caught in a tug of war between external factors as US-Sino trade agreement uncertainty dampened risk appetite according to NKC Research.
Although the lingering impact of an uneventful national election on May 8 supported the local unit from souring global risk sentiment. As trade tensions escalate, market tumult is leading to a tightening in financial conditions. At the close of local trade, the rand quoted 0.7 percent weaker at R14.30/$, after trading in range of R14.16/$ - R14.33/$. The rand came back down overnight. Expected range today R14.15/$ - R14.40/$.
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