The rand was set for its third day of losses on Friday amid concern about escalating tension between the US and China while, locally, investors mull the latest repo rate decision.

At 11.21am, the rand had weakened 0.61% to R16.7331/$, 0.70% to R19.4190/€ and 0.77% to R21.3072/£. The euro was flat at $1.1605. The rand has fallen 16% so far in 2020.

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