South Africa's rand recovers as trade deal hopes rise
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 was 0.41 percent firmer at
14.4800 per dollar compared to a close of 14.5400 overnight in
* 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
* Bonds also gained with the yield on the benchmark paper
due in 2026 down 3.5 basis points to 8.725 percent.
* Stocks opened firmer, with the Johannesburg Stock
Exchange's Top-40 index up 0.35 percent to 49,712
(Reporting by Mfuneko Toyana)
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