The rand is set for its fourth day of gains this week, its longest daily winning streak in four months as risk appetite improved amid hopes that Covid-19 may be peaking.  

The local currency tested R18/$ in morning trade, strengthening to its best level in a week. At 10.36am, the rand had firmed 0.68% to R18.0652/$, strengthening to as much as R18.01 in intra-day trade. It had firmed 0.53% to R19.6405/€ and 0.58% to R22.3946/£. The euro firmed 0.16% to $1.0872.

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