The rand was muted on Tuesday morning as focus remained on US politics while the rising number of Covid-19 cases weighed on markets.

At 9.54am, the rand was flat at R16.5242/$ while it had weakened 0.10% to R19.4451/€ and 0.17% to R21.3966/£. The euro was little changed at $1.1769. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now