MARKET WRAP: Rand and JSE gain for third day as markets await update on US stimulus

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The rand has gained 2% against the dollar since September 1

The rand and the JSE recorded their third day of gains on Tuesday as optimism that the US will introduce more fiscal stimulus to mitigate the effects of Covid-19 lifted sentiment.

At 5.33pm, the rand had firmed 0.28% to R16.4686/$ and 0.10% to R21.3391/£, while it had weakened 0.23% to R19.4718/€. The euro had added 0.5% to $1.182.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 Sunday Times Daily.

 

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