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South African rand firms, markets await clarity on tariffs and local politics


//politics-government.news-articles.net/content/ .. await-clarity-on-tariffs-and-local-politics.html
Published in Politics and Government on by Reuters   Print publication without navigation

South Africa's rand firmed on Thursday, as markets awaited clarity on U.S. tariffs and local investors looked for news on the future of the coalition government due to a lingering budget stand-off.

The South African rand strengthened against the dollar on November 20, 2023, as markets awaited further clarity on U.S. tariffs and local political developments. The rand traded at 18.6000 to the dollar, a slight improvement from its previous close of 18.6350. Investors were particularly focused on potential changes to U.S. tariffs on Chinese goods, which could impact global trade dynamics. Additionally, the upcoming South African medium-term budget policy statement was anticipated to provide insights into the country's fiscal health and political stability. The Johannesburg Stock Exchange's Top-40 index also saw a marginal increase, reflecting cautious optimism among investors.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/south-african-rand-firms-markets-await-clarity-on-tariffs-and-local-politics/ar-AA1D78DS ]

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