Rand softer as dismal Chinese data spoils investors’ appetite
A summit between US President Donald Trump and North Korean leader Kim Jong-un also concluded early, with Trump saying that there had been “substantial progress”, but that parties had opted not to put anything in writing. Trump said the failure to sign was due to a lack of consensus on sanctions, but that North Korea had pledged to hold off on further nuclear tests and rocket launches.
At 9.40am the rand was 0.16% weaker at R13.9552/$, 0.28% softer at R15.8847/€ and remained flat at R18.5507/£. The euro was up 0.11% at $1.1382.
The bid on the benchmark R186 government note was at 8.67% from 8.625%.
Local focus is on economic data, with producer inflation data due at 11.30am, and balance of trade data due at 2pm.
Source: businesslive.co.za
