The rand was at a one-year high against the dollar on Monday morning, with the JSE at another record high, as emerging markets continue to find favour from the prospect of hefty stimulus spending in the US.

There is a robust risk-on tone in markets, and while the driver is not immediately apparent, it may be linked to the quick end to former US President Trump’s impeachment trial on Saturday, said Axi chief global markets strategist Stephen Innes in a note...

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