The rand broke through R15/$ on Tuesday as risk sentiment improved amid optimism that the incoming administration of US president-elect Joe Biden will move comprehensively to support the US and the world through the Covid-19 pandemic.
The rand firmed along with its emerging-market peers, breaking below the psychological barrier against the dollar for the first time in two weeks as global risk sentiment gained traction ahead of Biden’s inauguration on Wednesday...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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