Rand at record low as Covid-19 fears mount
At 10.24am, the rand had weakened 0.94% to R18.0071/$, after breaking through R18/$ for the first time on Monday. It had weakened 0.36% to R22.2253/£ while it was flat at $1.0938.
Gold was up 1.04% to $1,593.11/oz while platinum added 0.69% to $716.05/oz. Brent crude dropped 4.01% to $24.88 a barrel.
The R2030 government bond was weaker with the yield rising three basis points to 11.03%. Bond yields move inversely to their prices.
“Looking ahead, I suspect the poor liquidity conditions will persist and continue to adversely affect price action,” said Sasfin fixed-income trader Alvin Chawasema.
Source: businesslive.co.za