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Rand gains ahead of business confidence data

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Global market sentiment continues to be driven by news about the ongoing US-China trade talks

The rand was firmer on Wednesday morning as focus locally shifts to business confidence data.

Global market sentiment continues to be driven by news about the US-China trade war and negotiations. US President Donald Trump said on Tuesday that the two countries are close to concluding phase one of the trade deal. The R186 government bond was stronger with the yield falling five basis points to 8.425%. Bond yields move inversely to bond prices.

 

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