Rand slips as rising Covid-19 cases spark risk-off sentiment

The rand was weaker on Monday morning after risk appetite waned, as investors worried about a rise in Covid-19 cases in Europe. 

At 10.09am, the rand had weakened 0.99% to R16.4786/$, 0.86% to R19.4886/€ and 0.83% to R21.2201/£. The euro had weakened 0.10% to $1.1826. The rand is down 14.89% against the dollar so far in 2020. 

Source: businesslive.co.za