MARKET WRAP: Rand has longest winning streak in a month

The rand firmed for a third successive day on Tuesday, its longest winning streak in a month, as signs of progress in trade talks between the US and China aided risk sentiment.

At 5.24pm, the rand had gained 0.47% to R16.8640/$, reaching a three-week best level of R16.71/$ in intra-day trade. It had strengthened 0.11% to R19.9425/€ while it was flat at R22.1345/£. The euro had firmed 0.32% to $1.1852.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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