Rand weakens as investors remain nervous about US-China tension
Donald Trump has threatened new tariffs as a retaliatory measure for China’s handling of the Covid-19 crisis
BL PREMIUM
06 May 2020 – 12:32
The rand was weaker on Wednesday, with global sentiment determining the direction of the local currency, as investors waited for further news regarding the effect of the Covid-19 pandemic.
The local currency broke its two-day winning streak, after it gained in the past days as an increasing number of countries opened their economies from extreme shutdowns by the Covid-19 pandemic.
Source: businesslive.co.za