MARKET WRAP: Rand turns positive in afternoon trade as risk appetite improves

The rand was firmer against hard currencies as risk appetite picked up globally while supply chain bottlenecks and fear about Covid-19’s Omicron variant continued to wane.

At 5.50pm on Monday the rand had gained 0.6% to R15.8957/$, 1.28% to R17.9512/€ and 1.11% to R21.3727/£. The euro fell 0.64% to $1.1292…