The rand was weaker on Thursday, along with its emerging-market peers, with appetite for riskier assets waning as investors consider the state of US politics and rising Covid-19 cases.

The rand was on track for its second day of losses, reaching an intraday worst of R16.7162/$, according to Infront data. At 10.35am, it had weakened 0.91% to R16.6785/$, 0.58% to R19.5282/€ and 0.64% to R21.6265/£.

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