Global markets continue to monitor the prospects of a soaring Covid-19 and deepening recession
The rand weakened to its lowest level in more than three weeks on Thursday morning as investors digested the supplementary budget while global markets monitor the prospects Covid-19 cases continuing to surge.
At 11.am, the rand had weakened 0.26% to R17.4476/$ after reaching R17.53/$ its lowest level since June 1 during intra-day trade. It had weakened 0.13% to R19.5867/€ and 0.49% to R21.7103/£. The euro had weakened 0.23% to $1.1227.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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