Johannesburg – The rand traded a touch softer amid caution that South Africa may be headed for a further tightening of the Covid-19 restrictions belt as the national coronavirus command council convenes.
On the international stage, rising oil and increased expectations for bigger fiscal stimulus under the Democrat-controlled senate. Meanwhile, the rand was steady in after-hours trading as investors waited for the December FOMC meeting minutes to be released.
At the close of local trade, the rand was 0.60% weaker at R15.06 to the dollar, after trading in range of R14.89/$ – R15.15/$. The rand traded flat overnight. Today’s expected range is at R14.80/$ – R15.20/$.
