Analysts predict that international factors will continue to drive the rand in spite of last week’s investor-friendly elections outcome.
The election has been said to contribute marginally to its direction as the currency, which strengthened on Friday, lost some ground on Monday morning.
It traded at R14.24 to the dollar.
The rand is responding strongly to international events, which introduced risk into foreign exchange markets.
The biggest is the US/China trade war in which talks over tariffs have remained deadlocked.
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