The rand was firmer on Monday morning, along with emerging-market currencies, as optimism about a Covid-19 vaccine boosted appetite for riskier assets.

The University of Oxford and AstraZeneca have restarted a UK trial of an experimental Covid-19 vaccine after it was halted over concerns about a participant who fell ill. Trials of the Oxford vaccine were under way in the US, Brazil, SA and India before being paused for the safety review.

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