Rand weakens as world worries about easing lockdowns too soon

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Rand weakens as world worries about easing lockdowns too soon
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Rising global coronavirus cases are also unnerving markets and investors, one analyst says

The rand was weaker on Wednesday morning, looking set for its third day of losses as concern about easing lockdown restrictions prematurely weighed on sentiment.

The US’s top infectious disease expert, Dr Anthony Fauci, warned against the easing of lockdown restrictions too soon, which could escalate the spread of Covid-19.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 Times Select.

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