Rand weakens as investors remain nervous about US-China tension

The rand was weaker on Wednesday, with global sentiment determining the direction of the local currency, as investors waited for further news regarding the effect of the Covid-19 pandemic.

The local currency broke its two-day winning streak, after it gained in the past days as an increasing number of countries opened their economies from extreme shutdowns by the Covid-19 pandemic.

Source: businesslive.co.za