MARKET WRAP: Rand and JSE reverse Monday’s losses

The rand reversed some of the previous session’s losses on Tuesday, while food producers and miners helped the JSE higher, with investors awaiting key data locally and in the US.

The rand weakened almost 20c to print at a high of R19.24/$ on Monday as jitters caused markets to be more cautious given that last week’s sharp moves (which saw the rand break above R19/$) are still fresh in everyone’s memory, RMB head of forex execution Matete Thulare said…