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Rand a little firmer as market eyes US-China trade war

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The rand weakened on Sunday after US President Donald Trump threatened to tariffs on Chinese imports, although local focus is on the elections

The rand was slightly firmer on Monday morning, recovering from some weekend losses after hopes of a US-China trade deal receded a little.

Although this could just be another negotiating tactic from Trump, markets do not like being caught by surprise, hence the risk-off frenzy at the weekend, said London Capital Group head of research Jasper Lawler.

 

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