Rand looks all set for a rough ride this week

The rand is set for wilder swings after shrugging off intraday losses on Friday that at one point pushed it to its biggest drop in a week on news of President Donald Trump’s Covid-19 diagnosis amid a turbulent US election campaign.

Trading on Friday showed increased demand for options that protect against rand weakness, as measured in risk reversals, for the next month.

Source: businesslive.co.za