Rand weakens as markets shift focus to US politics

The rand was weaker on Monday morning as focus shifted to the US election, while locally investors await the latest producer inflation data later in the day. 

At 10.47am, the rand had weakened 0.19% to R17.1513/$, 0.22% to R19.9658/€ and 1.04% to R22.0198/£. The euro had firmed 0.11% to $1,6410. The rand has fallen 4.2% over the past 10 days, according to data from Infront.