JOHANNESBURG, March 15 (Reuters) - South Africa's firmed early on Friday, reversing some of its losses from the previous session with demand for emerging market currencies boosted by new signs of a trade deal between China and the United States.
* At 0730 GMT the rand ZAR=D3 was 0.41 percent firmer at 14.4800 per dollar compared to a close of 14.5400 overnight in New York.
* Chinese Vice Premier Liu He spoke by telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer and the two sides made further substantive progress on trade talks, Xinhua news agency said on Friday. Bonds also gained with the yield on the benchmark paper due in 2026 ZAR186= down 3.5 basis points to 8.725 percent.
* Stocks opened firmer, with the Johannesburg Stock Exchange's Top-40 index .JTOPI up 0.35 percent to 49,712 points.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.