The rand gained for a third day as easing inflation worries and optimism over the reopening of economies, especially in the eurozone, outweighed Covid-19 concerns.
The rand, which broke below R14/$ for the first time in more than a year on May 10, traded below the psychologically important level for the first time in four days, reaching an intraday best of R13.96/$. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.