Rand rides wave of relief after US-China trade ceasefire

At 9.30am the rand was 0.52% firmer to the dollar at R13.6687, 0.31% against the euro at R15.5489 and 0.3% against the pound at R17.4866. The euro was up 0.2% at $1.1375.

At the same time, the benchmark R186 government 10-year note was at 8.895% from 8.925%.

The rand enjoyed a good month in November, bolstered by improved emerging-market sentiment and easing concerns about US monetary-policy tightening, among other factors.

Focus this week will be on whether SA escaped recession in the third quarter. The Trading Economics consensus is that Stats SA will report on Tuesday that the South African economy grew 0.6% quarter on quarter.

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