Rand slips as markets monitor rising Covid-19 cases and possible renewed lockdowns

The rand was weaker on Tuesday morning while global investors kept an eye on rising Covid-19 cases and the prospects of more stimulus in the US.

At 09.55am, the rand had weakened 0.47% to R16.6350/$, 0.42% to R19.5912/€ and 0.71% to R21.6029/£. The euro was flat at $1.1777.