Markets are weaker this morning on fears of a second wave of Coronavirus infections and it’s possible impact on global economies.
China is now racing to control a new outbreak in Beijing that reached nearly 100 infections over the weekend, providing the biggest test of the country’s coronavirus containment strategy since the pathogen first emerged in Wuhan, Bloomberg reported on Monday (15 June).
In morning trade on Monday, the Rand traded at the following levels against the major currencies:
Dollar/Rand: R17.28 (+1.24%)
Pound/Rand: R21.55 (+0.8%)
Euro/Rand: R19.44 (+1.13%)
Equities are under pressure as traders worry about rise in cases, while safe-havens are in favour
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