Rand nosedives to 15.46 to the dollar as US-China trade war rages on

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JOHANNESBURG – The rand fell to a fresh 2019 low against the dollar on Monday, breaching the R15.40 mark against the greenback while also weakening significantly against other major currencies as the trade war between Beijing and Washington showed no signs of letting up.

The domestic currency reached a day’s low of R15.46 against the dollar, R17.30 against the euro and R18.68 against the pound, bearing the brunt of emerging-market currency declines since the trade tiff between the world’s two biggest economies re-emerged this month.

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