Rand weakens as US-China relations deteriorate
The rand has lost 4% for the week so far
BL PREMIUM
07 August 2020 – 12:14
The rand was weaker on Friday, in line with its emerging-market peers as US and China relations continue to deteriorate.
US President Donald Trump signed orders prohibiting residents from doing business with the Chinese-owned TikTok and WeChat apps starting 45 days from now, citing the risk of leaving Americans’ personal data exposed.
Source: businesslive.co.za
