MARKET WRAP: Rand and JSE gain for third day as markets await update on US stimulus
The rand has gained 2% against the dollar since September 1
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20 October 2020 – 18:41
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.
Source: businesslive.co.za